How do late notification and ‘claims-made’ rules cause coverage loss—and how do I avoid that?? Country Select

Late notification is among the most common reasons sound claims fail, and claims-made policies make timing unusually unforgiving because cover responds to when a claim is first made and reported, not when the underlying act occurred. A circumstance noticed in one policy year but reported in the next can fall into a gap between expiring and renewing cover. For a board, this is a structural exposure hiding in the renewal calendar. The report explains how claims-made and notification mechanics operate in your chosen jurisdiction and industry, the difference between claim and circumstance reporting, the role of run-off and extended reporting periods, the warning indicators of an emerging notifiable matter, indicative recovery losses from published cases, and when to involve coverage counsel, brokers and claims specialists.

Reference material for informed readers, not advice.