延长报告期 Extended Reporting Period (ERP)

关键定义 KEY DEFINITION

Extended Reporting Period（ERP，延长报告期/Tail）是 Claims-Made Policy cancellation 或 non-renewal 后 允许 report claims for prior acts 的 optional purchase，Professional Liability 和 D&O retirement 时 critical。Automatic short ERP 可能 include—— longer tail 需 additional premium。