Timing & trigger terms

Claims-Made vs Occurrence

Claims-made responds to claims first made and reported during the policy period for events after the retroactive date; occurrence responds to any event that occurs during the policy period.

Also: Coverage Trigger · Claims-Made Policy · Occurrence Policy

Effective Date

The date your insurance coverage begins.

Extended Reporting Period (Tail / ERP)

A window after a claims-made policy ends to report claims for events that occurred during the policy.

Also: Tail Coverage · ERP · Tail Policy

Policy Period

The dates your insurance coverage is active.

Prior Acts

Coverage for events that occurred before your current policy started but are claimed now.

Also: Full Prior Acts · Prior Acts Coverage

Retroactive Date

The earliest date from which claims-made coverage applies.

Also: Retro Date · Prior Acts Date