Late Notice
Reporting a claim or potential claim to your insurer after the time the policy requires. Late notice can create coverage problems, especially on claims-made policies.
What it means for your firm
Most policies ask you to report claims as soon as practicable, and claims-made policies usually require the claim to be reported during the policy period or a short window after it.
How an insurer treats late notice depends on the policy wording and state law. The simplest protection is to report anything that looks like it could become a claim.
Guides that use it
Articles that explain it
General definition for education only. It is not an interpretation of any policy or contract, and it is not legal advice. The wording of your own policy and contract controls. Policies and definitions vary by insurance company.
Tell Us About Your Firm. We’ll Tell You What We See.
Starting out or renewing, with a policy in hand or not. If something is worth discussing, we’ll call. If not, we’ll say so.