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How Long Is Extended Reporting Period?


Term Of The Day – Extended Reporting Period

The Extended Reporting Period never renews its provisions.   This is from one of our claims made policies that we have or previously had in place. This is not necessarily exactly Workers Compensation related.

However, i have been involved very often consulting on purchasing the tail claims on a Workers Compensation bid. Purchasing tail claims is an art as TPA’s have been sunk by underbidding the tail claims part of a response to an RFP.

Picture Of Gavel And Law Scale Extended Reporting Period Graphic

Most of the time you will see this clause in a claims-made policy simply which extends the period of time, beyond the expiration of the policy, during which a claim can be made against the insured and reported to the company.

In order for coverage to be activated under an this provision Provision, the following conditions must be present:

  1. The wrongful act must have occurred during the time the policy was in force and after the retroactive date. There is no coverage for acts that occur during the Extended Reporting Period.
  2. The claim must be first made and the insurance carrier must be informed during the Extended Reporting Period.

This policy addition applies for only a limited period of time; with most professional liability policies the period runs from 1 to 3 years and cannot be renewed.

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


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