Sentences with phrase «tail coverage»

This acts as tail coverage in the event of a problem and the warranty could keep the buyer from pursuing the seller should there be a problem with any of the major systems.

Most policies typically include tail coverage, and the length of time varies depending on the carrier.

On the other hand, comparable claims made policies with tail coverage have lower malpractice insurance rates, offering nearly a 35 % discount in some cases.

Also known as tail coverage, an extended reporting period is a provision on a policy that extends the amount of time you can report a claim after a policy's cancellation.

Seth's coverage litigation practice has involved several issues of first impression in Oregon insurance law, including the duty to defend EPA enforcement actions under long - tail coverage foms, coverage for intellectual property disputes, and recovery of attorney fees.

Because employment claims often come months or even years after the alleged incident, an employer might be vulnerable if the insurance coverage was dropped or if tail coverage (liability insurance that extends beyond the end of the policy period) wasn't purchased.

Discontinued products and operations coverage normally applies on an occurrence basis, so tail coverage is not relevant.

Reserving for commercial lines insurers is similar to that for personal lines insurers, but the main difference comes from the uncertainty of claims reporting in long - tailed coverages.

Diminished ratings decrease the amount of business that an insurer can write, and further limit the willingness of prospective purchasers of insurance, particularly long - tailed coverages, who want to be sure that the company that they buy insurance from will be around to pay claims.

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On a «claims - made» policy, tail coverage may be purchased to extend the period for reporting covered claims beyond the policy period.

Every Embrace accident and illness policy comes with the same nose - to - tail coverage — personalize it to fit your budget and your needs.

Fortunately, coverage for future claims is available under an extended reporting period (also called «tail coverage»).