Insurance Glossary

Tail Coverage

Industry

Definition

Extended reporting period coverage purchased for claims-made policies, allowing claims to be reported after the policy expires for incidents that occurred during the policy period.

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Related Terms

Claims-Made Policy
An insurance policy that covers claims only if both the incident and the claim occur during the policy period or extended reporting period.
Professional Liability Insurance
Also known as Errors and Omissions (E&O) insurance, this coverage protects professionals against claims of negligence, mistakes, or failure to perform professional duties.
Actuary
A business professional who analyzes probabilities of risk and risk management, including calculation of premiums, dividends, and other applicable insurance industry standards.
Collision Coverage
Insurance coverage that pays for damage to your vehicle resulting from a collision with another vehicle or object.
Comprehensive Coverage
Insurance coverage for damage to your vehicle from causes other than collision, such as theft, vandalism, fire, weather events, or hitting an animal.
Coverage
The scope of protection provided under an insurance policy, including the types of losses and risks that are covered.
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