What does Midi Tail mean? Read on to discover the definition & meaning of the term Midi Tail - to help you better understand the language used in insurance policies.
A term used for an extended reporting period (ERP) longer than 60 days but not unlimited. The standard Insurance Services Office, Inc. (ISO), claims-made commercial general liability (CGL) policy midi-tail is for 5 years. The CGL's midi-tail applies only for known and reported circumstances in most cases.
We hope the you have a better understanding of the meaning of Midi Tail.