Tail Coverage/ Extended Reporting Period (ERP)

Licensees insured through one of RISC’s programs who do not renew their RISC insurance for any reason should consider obtaining tail coverage by purchasing an ERP endorsement.

Our policies are claims-made-and-reported policies, which means they apply to claims that are both made and reported during the individual policy period or any applicable ERP. Claims often arise years after a transaction occurs. What happens if a claim is made after your policy expires depends on whether an ERP is in effect. An ERP extends the reporting date of your policy so that it applies to claims made and reported after the end of the individual policy period and before the end of the ERP.

All of our policies include an automatic 90-day ERP in the event the insured licensee’s license is retired, inactivated, or allowed to expire. This allows the policy to apply to claims first made and reported up to 90 days after the effective date of the cancellation or nonrenewal, provided the subject professional services occurred after the retroactive date and before the effective date of cancellation or nonrenewal.

Optional ERP endorsements may be purchased to cause the policy to apply to claims first made and reported up to a specified number of years after the effective date of cancellation or nonrenewal, provided the subject professional services occurred after the retroactive date and before the effective date of cancellation or nonrenewal. ERP endorsements can only be purchased within 90 days after the licensee’s policy has terminated.

Common situations where ERP endorsements should be considered:

Contact us at 1-800-637-7319, extension 1 if you have any questions or concerns.

Request a Personalized ERP Quote Form

Call us, or complete the online request below (all fields are required for a timely and accurate quote). To ensure you receive your quote, add our email domain (@risceo.com) to your address book.

All fields are required in order for us to be able to provide a timely and accurate quote.

Insured's Name
First Name:

Last Name:

Your Phone#

Your Email

*To ensure your receive your quote, add our email domain (@risceo.com) to your address book.*

Policy State

License Number: Numbers Only - No letters, dashes, spaces, or other characters

Firm: This should be the name of the firm you are affiliated with. If you're an independent licensee you may enter "self"

Address: KY Licensees: For municipal tax purposes, this should be the physical address of the firm with whom you are currently affiliated.
All other licensees may provide preferred mailing address
Line 1:

Line 2:

City:

State:

ZIP:

The program referenced herein is underwritten by Continental Casualty Company, a CNA insurance company. This information is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the products and services offered. Only the applicable policy can provide the actual terms, coverages, amounts, conditions, and exclusions, which may be subject to change without notice. In the event of a claim, the nature and extent of coverage is determined based upon the claim’s facts, circumstances, and allegations and application of the relevant policy’s terms, conditions, and exclusions. The E&O program described herein is only available in certain states. CNA is a registered trademark of CNA Financial Corporation. Copyright © 2019 CNA. All rights reserved.
© 2019 RICE INSURANCE SERVICES COMPANY, LLC
Powered By: Coolsoft