What it does
CG 00 38 04 13 as the claims-made companion to CG 00 37. It covers bodily injury and property damage in the products-completed operations hazard on a claims-made basis with a retroactive date.
Who needs it
Pharmaceutical, medical device, chemical and other long-tail products manufacturers.
Key provisions and limits
- Claims-made endorsements for this form include CG 27 05 and CG 28 34/CG 28 35 (supplemental extended reporting periods).
Quoting and selling notes
- Maintain the retroactive date; buy tail when discontinuing products.
- On any claims-made placement, record the retroactive date, the date coverage first began with continuous claims-made insurance, and the extended reporting options; changing carriers without matching the retroactive date can leave prior acts uninsured.
