MLchartDataset catalogue

Discovery cover

Term · Insurance and risk management · MLC-T-INS-001187

Coverage that lets an insured report claims first made after a claims-made policy has ended, provided they arise from acts committed before it ended, usually for an additional premium. It protects a business that closes, retires, or changes insurers and would otherwise lose cover for its past acts. The reporting window it creates is also called an extended reporting period.

Table 1. Record
IdentifierMLC-T-INS-001187
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001187",
  "term": "Discovery cover",
  "field": "Insurance and risk management",
  "definition": "Coverage that lets an insured report claims first made after a claims-made policy has ended, provided they arise from acts committed before it ended, usually for an additional premium. It protects a business that closes, retires, or changes insurers and would otherwise lose cover for its past acts. The reporting window it creates is also called an extended reporting period.",
  "url": "https://mlchart.com/terminology/insurance/discovery-cover/"
}

Record 1,005 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.