Run-off cover

Jargon Buster

December 18, 2019

Jargon Buster

//mobiinsure.co.uk/wp-content/uploads/2014/09/my-own-business-insurance-small-business-insurance.jpg

Run-off cover

Run-off cover is where an insurance company pays claims made against a business which has stopped trading and ceased operations but wishes to maintain cover for past work. Run-off cover usually lasts for six years but other periods of time can be specified if wished.