11 Dec How To Avoid Experiencing Potential Gaps In Insurance Coverage During Policy Transition Periods
Maintaining adequate insurance coverage is an important practice within any organization.
A key element of ensuring a robust insurance program is to take steps to avoid experiencing potential gaps in coverage during policy transition periods.
One common cause of such coverage gaps stems from claims that are reported after a policy expires. Fortunately, that’s where an extended reporting period (ERP) can help. Review the following guidance for more information on ERPs and when to consider implementing this offering.