What does Nose Coverage mean? Read on to discover the definition & meaning of the term Nose Coverage - to help you better understand the language used in insurance policies.
The period between the inception date and retroactive date in a claims-made liability policy, if the specified retroactive date is earlier than the inception date of the policy. Claims-made liability policies typically include a retroactive date, and the policy will not cover claims arising from covered occurrences, acts, or omissions committed prior to that date. It gets its name from its attachment to the "front" of the policy term, as opposed to "tail" coverage provided by an extended reporting period (ERP) on the end of a claims-made policy.
We hope the you have a better understanding of the meaning of Nose Coverage.