If you're a business owner or professional in Arizona , having the right liability insurance is essential to protecting your reputation and financial stability. One of the most commonly misunderstood types of liability coverage is the claims-made policy. At Riseson Insurance , we’re here to help you understand what it is, how it works, and why it may be the right choice for your business in Tempe , Phoenix , Scottsdale , Tucson , Gilbert , or Chandler.

A claims-made policy provides coverage only if the claim is made while the policy is active. This means that both the incident and the claim must occur during the policy period, unless you have specific endorsements like retroactive coverage or an extended reporting period (ERP).

This differs from an occurrence policy, which covers claims for events that happened while the policy was active, even if the claim is filed after the policy has expired.

Claims-made policies are typically used in professional liability insurance (also known as errors and omissions insurance ) and directors & officers (D&O) coverage. If you’re a:

Consultant Accountant Lawyer Real estate agent Medical professional IT service provider

A claims-made policy may be what you need to protect against lawsuits related to professional services you’ve provided.

Advantages:

Often more affordable than occurrence policies initially Customizable with retroactive dates and ERP tail coverage Ideal for businesses with changing coverage needs

Disadvantages:

Lapses in coverage can be costly More complex than standard occurrence policies Requires diligence when switching insurers

Understanding the ins and outs of claims-made policies can be tricky—but that’s why we’re here. At Riseson Insurance , we specialize in matching local Arizona businesses with the right coverage at competitive rates.

Whether you're operating in Phoenix, expanding your practice in Scottsdale, or starting a new business in Tucson, our team can guide you through the process of choosing and maintaining the correct liability policy for your needs.

We work with multiple top-rated insurance carriers to provide you with personalized protection —with no fluff and no jargon.

Don’t leave your business exposed to uncovered claims. Contact Riseson Insurance at 602-460-5470 Let’s talk about your risk profile and ensure your policy protects you when it matters most.

What Is a Claims-Made Policy?

Who Needs a Claims-Made Policy?

Pros and Cons of Claims-Made Coverage

How Riseson Insurance Can Help

Need Help with Liability Insurance?

• Consultant
• Accountant
• Lawyer
• Real estate agent
• Medical professional
• IT service provider

• Often more affordable than occurrence policies initially
• Customizable with retroactive dates and ERP tail coverage
• Ideal for businesses with changing coverage needs

• Lapses in coverage can be costly
• More complex than standard occurrence policies
• Requires diligence when switching insurers