What is Run-Off Cover | Insurance glossary by upcover

Run-off cover applies when a tradesperson retires, closes a business, or switches insurers. It ensures that if a client later alleges defective work done in the past, the policy still responds. Why it matters: it is essential for trades with long-tail risks, such as electricians or builders, where claims may arise years later.

Related Terms

Sum Insured (Strata)

Market Value Cover (Strata)

Replacement Cost Cover (Strata)

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Related Term

Sum Insured (Strata)

Market Value Cover (Strata)

Replacement Cost Cover (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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