Extended Reporting Period (ERP)
ERP extends the claims-reporting provisions for a specific time period beyond the policy expiration date, for any claims arising from incidents that occurred after the retroactive date and prior to the expiration of the policy. Also called tail coverage (see below).
An endorsement added to a claims-made policy when cancelled or non-renewed to extend the time claims may be reported. The technical name for tail coverage is “Extended Reporting Endorsement,” or “Extended Reporting Period” (ERP).
Coverage for claims that are made after the effective date of a claims-made medical malpractice insurance policy but that arise out of events that occurred before the policy effective date and after the policy Retroactive Date.
The date that an event, act, or omission must have occurred to be eligible for coverage under the claims-made malpractice policy. The retroactive date is carried over from one claims-made policy to the next if coverage for prior acts is included.