Installment tail coverage

Term · Insurance and risk management · MLC-T-INS-001848

An extended reporting period endorsement for claims-made liability policies, where the premium for the tail coverage is paid in multiple installments rather than a single upfront payment. This option makes the cost of extending coverage for future claims arising from past acts more manageable for the insured. It provides coverage for claims reported after the policy's expiration but for incidents that occurred during the policy period.

Table 1. Record
Identifier	MLC-T-INS-001848
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001848",
  "term": "Installment tail coverage",
  "field": "Insurance and risk management",
  "definition": "An extended reporting period endorsement for claims-made liability policies, where the premium for the tail coverage is paid in multiple installments rather than a single upfront payment. This option makes the cost of extending coverage for future claims arising from past acts more manageable for the insured. It provides coverage for claims reported after the policy's expiration but for incidents that occurred during the policy period.",
  "url": "https://mlchart.com/terminology/insurance/installment-tail-coverage/"
}

Record 1,768 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.