Glossary
Extended reporting period (tail)
Added time after a claims-made policy ends during which claims from past work can still be reported and covered. Purchased at retirement,…
What is extended reporting period (tail)?
Added time after a claims-made policy ends during which claims from past work can still be reported and covered. Purchased at retirement, sale, or carrier changes without prior-acts coverage; often priced as a multiple of annual premium.
Why it matters
The tail keeps old work covered after a claims-made policy ends — essential when you retire, sell, or switch careers. Buy it at cancellation or the window closes, and claims from past work land uninsured. Pricing typically runs one to three times the annual premium.