Tail Coverage/ Extended Reporting Period (ERP)

Insureds who do not renew coverage through our program for any reason should consider obtaining tail coverage by purchasing an extended reporting period (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:

If you are interested in an ERP endorsement, call us at 1-800-637-7319, extension 1 to request a quote and personalized ERP endorsement enrollment form.

  • Sample ERP Enrollment Form for Colorado, Idaho, Iowa, Louisiana, Mississippi, North Dakota, New Mexico, Rhode Island, South Dakota and Tennessee
    Click Here
  • Sample ERP Enrollment Form for Kentucky
    Click Here
  • Sample ERP Enrollment Form for Nebraska
    Click Here
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 © 2018 CNA. All rights reserved.
© 2016 RICE INSURANCE SERVICES COMPANY, LLC
Powered By: Coolsoft