Claims-Made Coverage

Any form of insurance under which the trigger of coverage is the presentation (or “making”) of a claim against the insured rather than the date on which the loss occurred.

A claims-made policy can provide for varying limitations as to the length of time prior to the policy period during which the loss event could have occurred (the “retroactive period”) and the length of time after the policy has terminated during which the claim must be presented (the “tail” or “extended reporting period”).