Tail Coverages Clause Samples

The Tail Coverages clause provides extended insurance protection for claims made after a policy has expired or been terminated, specifically for incidents that occurred during the original policy period. In practice, this clause allows the insured to purchase additional coverage—often called "tail coverage" or an "extended reporting period"—so that claims reported after the end of the policy are still covered, as long as the event triggering the claim happened while the policy was active. This is particularly important in professional liability or errors and omissions insurance, where claims may arise long after services were rendered. The core function of this clause is to protect the insured from gaps in coverage due to the timing of claim reporting, ensuring continued risk protection even after the policy ends.
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Tail Coverages. Prior to the Effective Time, Agilent shall obtain and fully pay for “tail coverage” for Agilent and Keysight as described on Schedule 6.3(d)(i) for a period of six (6) years from and after the Distribution Date and such tail policies shall be materially consistent with the insurance policies currently maintained by Agilent. Following the Effective Time, each party shall be responsible for any deductibles, co-payments or retention amounts with respect to its tail policies.
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Tail Coverages. HRI is or has been a named insured under various blanket business insurance policies owned by Medaphis that in their current forms are listed on Schedule 5.2 (the "Medaphis Blanket Policies"). Medaphis has made available to HRI the opportunity to purchase extended discovery period coverage for the benefit of HRI under the Medaphis Blanket Policies, and HRI has purchased the extended discovery period coverages listed on Schedule 5.2.
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Tail Coverages. ABNH is or has been a named insured under various blanket business insurance policies owned by Parent (the "Parent Blanket Policies"). Parent has made available to ABNH the opportunity to purchase extended discovery period coverage for the benefit of ABNH under the Parent Blanket Policies, and ABNH has purchased such extended discovery period coverages as it deems necessary and proper for the conduct of its business.
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Tail Coverages. Prior to the Closing, the Company shall obtain the Tail Coverages. The Company and such USI Company as the Purchaser may designate shall be co-brokers of record for such insurance.
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Tail Coverages. The Company shall have obtained the so-called “tail” or extended reporting period coverages required under Section 6.9.
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Related to Tail Coverages

  • Tail Coverage If any of the required insurance is on a claims made basis and does not include an extended reporting period of at least 24 months, Grantee shall maintain either tail coverage or continuous claims made liability coverage, provided the effective date of the continuous claims made coverage is on or before the effective date of this Grant Agreement, for a minimum of 24 months following the later of (i) Grantee’s completion and Agency’s acceptance of all Services required under this Grant Agreement, or, (ii) Agency or Grantee termination of this Grant Agreement, or, iii) The expiration of all warranty periods provided under this Grant Agreement.

  • All Coverages Each insurance policy required in this item shall be endorsed to state that coverage shall not be suspended, voided, cancelled, reduced in coverage or in limits except after thirty (30) days' prior written notice by certified mail, return receipt requested, has been given to the Town. Current certification of such insurance shall be kept on file at all times during the term of this agreement with the Town Clerk.

  • Coverages This insurance applies to the Described Location, Coverages for which a Limit of Liability is shown and Perils Insured Against for which a Premium is stated. We cover:

  • Coverage If any of the aforementioned liability insurance is arranged on a "claims made" basis, "tail" coverage will be required at the completion of this contract for a duration of 24 months or the maximum time period the PURCHASER's insurer will provide such if less than 24 months. PURCHASER will be responsible for furnishing certification of "tail" coverage as described or continuous "claims made" liability coverage for 24 months following contract completion. Continuous "claims made" coverage will be acceptable in lieu of "tail" coverage, provided its retroactive date is on or before the effective date of this contract.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.