What is an extended reporting period (ERP) or "tail" coverage?

Nov 7, 2024 ... The answer? Yes. Whether organizing community events, managing volunteers or engaged in a fundraising campaign, the unexpected can happen. Liability insurance is a type of insurance that protects property owners from financial losses coming from claims of injury, damage, or negligence. Online Insurance Verification, NAIC Information, National Association of Insurance Commissioners (NAIC) Lookup, Employment, Legal The Contractor shall procure and maintain during the term of this contract and any extension thereof liability insurance in form satisfactory to the ... What Is Liability Insurance Coverage? ... Liability insurance helps protect you financially if you're found legally responsible for property damage or personal ... Being insured through someone else's malpractice policy doesn't guarantee you will be a priority or receive personal coverage when you need it the most. That's ... Professional liability insurance (also called malpractice insurance) is coverage that protects a qualified professional against claims alleging negligent acts, ... ... insured. (f) All insurance policies which provide coverage with regard to any liability imposed by section 340A.801 must contain at least the minimum ... A motor vehicle liability policy must state the name and address of the named insured, the coverage afforded by the policy, the premium charged for the policy, ... Penalties. Severe penalties are imposed for not complying with insurance requirements. If liability insurance coverage on a vehicle terminates or cancels during ...