Expose Claims Made Liability
Claims Made Liability Technical Terms
Claims Made Liability : One of two forms of coverage trigger for liability. The policy covers claims made or presented only during the time the policy is in force. That time may be extended or limited by a "tail" or "retroactive date". Typically once the period covered has expired the next policy, if also a claims made form, will cover the acts which occurred in the prior period but were not reported until the current period. This form is typically used for D&O policies and certain types of high exposure general liability coverages. This form limits exposure for the insurance company. Care is required in switching between the forms.