Which CGL policy would cover Ryan's claim filed on January 25, 2011, if NusquamCycle is no longer in business?

The selection of the Claims-Made policy from January 1, 2003, to January 1, 2004, with a supplemental extended tail is correct because of how Claims-Made policies operate in relation to the timing of the claim and the policy period.

Claims-Made policies are specifically designed to provide coverage for claims that are reported during the active policy period, regardless of when the incident leading to the claim occurred. In this case, Ryan's claim was filed on January 25, 2011. Therefore, it is crucial to determine whether a policy was in effect during that timeframe and if it allows for reporting claims that arise after the policy expiration date.

In this scenario, the 2003-2004 Claims-Made policy provides coverage for claims reported during its timeframe, and with the supplemental extended tail, it allows for claims to be reported for a certain period after the policy has expired. This is particularly relevant for situations where the insured (NusquamCycle) is no longer in business, as it ensures that any claims that arise within the allowable reporting period can still be submitted even if the policyholder is unavailable to handle them.

The basic extended tail options would not extend coverage as extensively as the supplemental extended tail, which