Claims-Made Policy
Definition. A Claims-Made policy responds when a claim is FILED during the policy period — not when the incident occurred. Standard for Professional Liability.
Also known as: Claims Made, Claims-Made and Reported
If you let coverage lapse, any future claim about past work is uncovered, even for work done while you had coverage. This is why retroactive date and tail coverage matter so much for Pro Liab.
Example
Consultant does project in Jan 2024. Drops Pro Liab in Dec 2024. Client sues in June 2025 over the Jan 2024 work. Uncovered — no active Claims-Made policy in 2025.
Sources cited
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📘 Educational content only.
Reviewed by California-licensed Property & Casualty insurance agent
Jason Wootton (CA License #0I94454). Not insurance advice, an individual recommendation, or a solicitation in any state. Insurance regulations vary by state. For specific coverage decisions, consult a licensed insurance agent in your state.
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