Claims-Made Coverage
Definitions
- (n.) A type of insurance coverage that provides protection for claims made against the insured during the policy period, regardless of when the event causing the claim occurred, provided the event occurred after the retroactive date.
The lawyer's malpractice policy is a claims-made coverage, so it only covers claims reported during the policy term.
Forms
- claims-made coverage
Related terms
See also
Commentary
Claims-made coverage requires careful attention to the retroactive date and continuous coverage to avoid gaps in protection.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.