Insurance Essentials

Pay on behalf

Pay on Behalf of vs Reimbursement

“Pay on behalf of” and “reimbursement” are two different approaches to paying the bills associated with a claim. There are pros and cons to both. But …

Extended Reporting Period

Extended Reporting Period (ERP) Explained

VIDEO: An Extended Reporting Period, or ERP, is a finite window of time beyond the end of a claims-made policy during which the insured organization may report claims to the insurer. The ERP extension only …

Duty to defend

Duty to Defend

Duty to defend refers to the obligation to provide a legal defence for a claim made against the insured after that claim has been reported to the insurer.  Read more…

Report claim

Claims Made vs Claims Made and Reported

A Claims Made policy offers coverage for claims made against the insured during the policy period. This type of policy typically comes with a reporting requirement defined as “as soon as reasonably practicable.”


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Insurance Essentials

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