Glossary

What is Extended Reporting Period?

A provision in a claims-made policy that allows claims to be reported after the policy expires, covering incidents that occurred during the policy period.

Full Definition

An Extended Reporting Period (ERP) is a provision in a claims-made policy that extends the time to report claims beyond the policy expiration date. ERPs come in two forms: basic (automatic and free, typically 30-60 days after expiration) and supplemental (purchased, providing 1-5 years or unlimited reporting). The supplemental ERP (tail) is purchased when a claims-made policy is cancelled or non-renewed, when switching carriers, or when retiring from practice. ERPs do not extend the coverage period — they only extend the reporting window for incidents that occurred during the original policy period.

Related Terms

Occurrence vs. Claims-Made

Tail Coverage

Retroactive Date

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Related Coverage & Services

Directors & Officers (D&O) Insurance

D&O insurance protects corporate directors and officers from personal liability arising from management decisions.

Professional Liability / Errors & Omissions (E&O)

Professional liability insurance covers claims arising from errors, omissions, or negligence in professional services.

Occurrence vs. Claims-Made

Two fundamentally different policy trigger mechanisms that determine when an insurance policy responds to a claim.

Tail Coverage

An extended reporting period purchased at the end of a claims-made policy that allows claims to be reported after the policy has expired.

Retroactive Date

The earliest date for which a claims-made policy will cover wrongful acts — claims arising from acts before this date are excluded.

Business Insurance

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