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ASPEN AMERICAN INSURANCE COMPANYLAWYERS PROFESSIONAL LIABILITY NEW BUSINESS APPLICATION MONTANA NOTICE: This is an application for a claim made and reported policy. Coverage for prior acts and claims

How to fill out claims-made claims-made and reported

How to fill out claims-made claims-made and reported

1. Carefully review the claims-made policy to understand the reporting requirements and timeframe.
2. Once a claim is made against you or your business, promptly notify the insurance company in writing.
3. Provide all necessary details and documentation related to the claim, including dates, parties involved, and any relevant information.
4. Keep a record of all communication with the insurance company regarding the claim, including any updates or requests for additional information.

Who needs claims-made claims-made and reported?

1. Professionals or businesses in high-risk industries that may be more susceptible to legal claims or lawsuits.
2. Those who want coverage for claims that are made and reported during the policy period, rather than claims that occurred during the policy period but are reported after the policy has expired.

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What is claims-made claims-made and reported?

Claims-made and reported is a type of insurance policy where coverage is triggered when a claim is made during the policy period and reported to the insurance company.

Who is required to file claims-made claims-made and reported?

Policyholders who have purchased a claims-made and reported policy are required to file a claim with the insurance company in order to trigger coverage.

How to fill out claims-made claims-made and reported?

To fill out a claims-made and reported form, policyholders need to provide details about the claim, including the date it was made and reported, the circumstances surrounding the claim, and any other relevant information.

What is the purpose of claims-made claims-made and reported?

The purpose of claims-made and reported is to provide coverage for claims that are made and reported during the policy period, ensuring that policyholders are protected against claims that arise during the coverage period.

What information must be reported on claims-made claims-made and reported?

Policyholders must report details about the claim, including the date it was made and reported, the circumstances surrounding the claim, and any other relevant information requested by the insurance company.