L Squared Insurance Agency Blog: retro active date
View the latest blog posts from L Squared Insurance Agency.
Wednesday, January 24, 2018Professional Liability Insurance policies are normally written on a ‘claims-made’ policy form. In its purest form, an unendorsed ‘claims-made’ policy only provides coverage for the current policy term for covered acts that occurred during and where the claim is made and reported during that policy term. READ MORE >>
Thursday, March 3, 2016There is a major key difference between claims-made vs occurrence insurance policies. Most professional liability policies (including all accountant and lawyer policies sold in the United States) are ‘claims-made’ or ‘claims-made and reported’. READ MORE >>
Tuesday, October 27, 2015Most professional liability insurance policies have a Retro Active date or Prior Acts date, few have Full Prior Acts or FPA. Full Prior acts is a type of claims-made liability policy that does not contain a retroactive date and therefore covers claims arising from acts that took place at any time prior — regardless of how far in the past. READ MORE >>
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