Which term is associated with a policy that accommodates claims made during its active term?

The term that is associated with a policy accommodating claims made during its active term is "Claims-Made coverage." This type of insurance policy provides coverage only for claims that are reported within the duration of the policy, as well as for claims that arise from incidents occurring during the policy period. This means that if an insured event occurs while the policy is active, the claim must be made during that same policy period to be covered.

Claims-Made coverage is particularly relevant in certain types of professional liability insurance, such as medical malpractice or errors and omissions insurance. This aspect differentiates it from occurrence-based policies, which provide coverage for incidents that happen during the policy period, regardless of when the claim is filed.

In contrast, occurrence-based coverage addresses incidents that occur during the policy term without requiring the claim to be filed within that same term, while excess coverage refers to additional coverage that kicks in after a certain limit has been reached on a primary policy. Liability coverage is a broad category that generally includes various forms of coverage but does not specify how claims are treated based on timing.