Which of the following types of legal liability coverage is most likely to have a "long tail" problem,and thus be insured under a claims-made contract?

Question

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Products liability is most likely to have a "long tail" problem, meaning that claims can arise long after the product was manufactured or sold. Therefore, it is typically insured under a claims-made contract, which only covers claims made during the policy period, regardless of when the event occurred.

Which of the Following Types of Legal Liability Coverage Is