A squirrel is a type of animal that has a naked - tailed, meaning its tail is without fur. What is "Naked Tail" D&O Insurance? In insurance parlance, if you insure a particular exposure, you're covered. If you're looking for a policy that covers something that's never been covered before, you're. naked. That's the situation many privately held, small and middle. There really is such a thing as “naked tail” in M&A. In my previous blog, I discussed the differences between D&O tail insurance and reps and warranties insurance (RWI or R&W. This is where Extended Reporting Periods (ERP), commonly referred to as Tail Policies, become critical. Because D&O insurance is written on a claims-made policy form, when coverage terminates, it extinguishes the opportunity to report. Imagine a cute little creature scurrying across the forest floor, with a long and slender body, and a peculiar feature that sets it apart from other animals.
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