Backdated liability insurance

Term · Insurance and risk management · MLC-T-INS-000513

A liability insurance policy that provides coverage for claims arising from incidents that occurred prior to the policy's effective date. This type of coverage is typically arranged to address a known or anticipated past liability for which no prior insurance existed or was adequate. It is distinct from claims-made policies, which cover claims reported during the policy period regardless of when the incident occurred.

Table 1. Record
Identifier	MLC-T-INS-000513
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-000513",
  "term": "Backdated liability insurance",
  "field": "Insurance and risk management",
  "definition": "A liability insurance policy that provides coverage for claims arising from incidents that occurred prior to the policy's effective date. This type of coverage is typically arranged to address a known or anticipated past liability for which no prior insurance existed or was adequate. It is distinct from claims-made policies, which cover claims reported during the policy period regardless of when the incident occurred.",
  "url": "https://mlchart.com/terminology/insurance/backdated-liability-insurance/"
}

Record 264 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.