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Which statement is correct regarding the supplemental extended reporting period?


The supplemental extended reporting period must be purchased at the beginning of the policy period. correct-The supplemental extended reporting period can be purchased up to 60 days after the end of the policy term.

What is an extended reporting period?

An extended reporting period ( ERP ) is a feature you can add to your claims-made professional liability insurance policy. It allows you to report claims even after your policy expires. This policy endorsement is also known as tail coverage.

Which of the following would be covered under by Coverage A of the CGL policy?

Coverage A: Bodily Injury And Property Damage Liability\n\n CGL coverage A protects you from damages arising out of bodily injury you cause other people, or from damage you cause to third-party property.

What does ERP stand for in insurance?

Professional liability policies, almost always written on a claims-made basis, typically contain a number of options for the insured to obtain an Extended Reporting Period (ERP).

Which of the following would not be excluded under Coverage A of the CGL?

The correct answer is: C. Intentional acts – The CGL does not contain an intentional acts exclusion. Exclusion a. is the Expected or Intended Injury Exclusion, but it does not exclude an intentional ACT unless the act is Expected or Intended to cause an injury.

When do I need to purchase the supplemental extended reporting period?

The supplemental extended reporting period must be purchased at the beginning of the policy period. correct-The supplemental extended reporting period can be purchased up to 60 days after the end of the policy term. Advertising Injury Coverage includes all of the following, except:

What is an extended reporting period?

This extended reporting period is a provision in a claims-made form and allows claims to be reported after the policy term for a specific period of time, such as 60 days after the policy's expiration or cancellation date Insuring Agreement

What is the difference between the Mini tail and extended reporting period?

Under the mini tail, the insurer must be notified of a claim within 60 days after the end of the policy period B The extended reporting period does not increase the policy limits C The supplemental extended reporting period must be purchased at the beginning of the policy period D


What Does Supplemental Extended Reporting Period Mean? A supplemental extended reporting period is an additional period after a liability policy expires that a policyholder can report a claim during and still get coverage for. In many liability policies, claims will not be paid out if they occur after the policy period ends. So, supplemental extended reporting periods provide coverage after policy periods expire for a certain amount of time.




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