Section 1 Introduction

• Library: Prof Liability 2005

Professional liability claims generally have a long “tail.” This means that there can be a substantial amount of time from the date of the occurrence to the date that the error is discovered.

The insurance industry has adopted claims-made coverage for professional liability insurance for several reasons. Unlike automobile-accident claims, in which both the cause of the action and the damages are usually known at the same time, professional liability claims often result in damages many years after the...