Tail coverage or Extended Reporting Period extends your current E&O coverage for 1, 2, 3, or 4 years should you retire, sell your business, move out of real estate, or take a temporary leave.
Tail coverage protects you for claims that may occur from your prior transactions after you no longer work in a real estate-related area or no longer own a real estate-related business. Coverage must be activated within 30 days of your policy ending.