MLchartDataset catalogue

Extended reporting period (ERP)

Term · Insurance and risk management · MLC-T-INS-001428

A specified duration, available for an additional premium, that extends the time an insured has to report claims under a claims-made liability policy after the policy's expiration or cancellation. The ERP covers claims arising from wrongful acts that took place during the original policy period. It is also known as a 'tail' coverage.

Table 1. Record
IdentifierMLC-T-INS-001428
FieldInsurance and risk management
AbbreviationERP
Record as JSON 
{
  "id": "MLC-T-INS-001428",
  "term": "Extended reporting period (ERP)",
  "field": "Insurance and risk management",
  "definition": "A specified duration, available for an additional premium, that extends the time an insured has to report claims under a claims-made liability policy after the policy's expiration or cancellation. The ERP covers claims arising from wrongful acts that took place during the original policy period. It is also known as a 'tail' coverage.",
  "abbreviation": "ERP",
  "url": "https://mlchart.com/terminology/insurance/extended-reporting-period-erp/"
}

Record 1,297 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.