What does Mini Tail mean? Read on to discover the definition & meaning of the term Mini Tail - to help you better understand the language used in insurance policies.
An extended reporting period (ERP) with a very short (i.e., 60 days) duration. The Insurance Services Office, Inc. (ISO), commercial general liability (CGL) policy's mini-tail is part of the basic ERP. It runs concurrently with the midi-tail and covers claims associated with occurrences previously unknown to the insured.
We hope the you have a better understanding of the meaning of Mini Tail.