Claims Made Coverage


Claims-made means the incident that led to the claim must have happened on or after the effective date of a policy (which could include a period of time prior to the policy inception date -- see "Prior Acts Coverage") and the claim must be first made and reported while the policy is in force. It is this second requirement, the making of claims while the policy is in force, that differentiates claims-made policies from other types of policies you may purchase.

The requirement that a claim be made and reported during a period that the policy is in force necessitates the maintenance of continuous coverage once established. If a claims-made policy is not in force when a claim is made, no coverage will be available. By maintaining continuous coverage, you ensure that services performed under previous policies’ periods will be covered should a claim be made and reported.