Flexible inputs model extended reporting coverage after claims. Adjust limits, specialty risk, and claim record. Get an instant estimate, then download your results easily.
| Scenario | Expiring Premium | Term | Risk | Claims | Limits | Estimated Tail Cost |
|---|---|---|---|---|---|---|
| Conservative | $2,500 | 2 years | Standard | 0 / None | 1M/3M | $3,750 |
| Higher Risk | $3,800 | Unlimited | High | 1 / Moderate | Higher | $18,050 |
| Claims Heavy | $4,200 | 5 years | Standard | 3 / Major | Standard | $26,750 |
| Custom Limits | $3,100 | 3 years | Low | 1 / Minor | 2M/4M | $9,250 |
Tail coverage, also called an extended reporting period, keeps your ability to report claims after a claims-made policy ends. It does not expand what happened; it extends when you can report what already occurred during the active policy period. This matters when you retire, change employers, switch carriers, or move to an occurrence form. The calculator estimates a planning cost so you can budget for the transition. Many programs offer 1x to 3x pricing, with purchase required within 30–60 days of termination in some cases.
Insurers often price tail as a multiple of the expiring annual premium, then adjust for risk and experience. In this tool, the tail term factor represents the baseline multiple by term length, while specialty risk and procedure mix reflect expected claim frequency and complexity. Claim count and severity add load, and claims-free years can provide a modest credit when history is clean.
Policy limits influence expected loss and defense spending. Higher limits can increase the expected size of potential payments, so the limits factor scales the estimate. Defense inside or outside limits changes how defense costs interact with the limit, which can affect pricing and exposure perception. Consent-to-settle provisions and carrier type are included as underwriting proxies that can nudge the estimate up or down.
Operational size can shift exposure even with the same professional scope. Revenue, locations, and staff counts are used as simplified indicators of volume and administrative complexity. Risk management credits capture training, documentation, audits, and protocols that reduce incident rates. Surcharges, regulatory fees, taxes, and finance charges are shown separately so you can see which elements are controllable versus structural.
Use the charts to compare term options, understand the cost build, and test sensitivity. If you have an actual quote multiplier, enter it as an override to align the model with your market. Export CSV or PDF to share assumptions with brokers, employers, or finance teams. Treat results as directional and validate with carrier forms, retro dates, and specific program rules.
It is an extended reporting period that lets you report claims after the policy ends for events that happened during the active policy period.
Usually when you cancel a claims-made policy, retire, change jobs, switch carriers, or convert to occurrence coverage. Many carriers require purchase soon after termination.
No. It only allows late reporting of incidents that occurred before the policy ended and within the covered retro date and terms.
Underwriters expect different claim frequency and severity by specialty. Prior claims can increase expected loss and defense costs, raising the tail estimate.
Enter the employer pays percentage to see your estimated out-of-pocket share. It does not change total pricing, only the split between employer and you.
If a broker or carrier provides an ERP multiplier, enter it to replace the default term factor. This aligns the estimate with your market quote.
Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.