Accountants Errors & Omissions and Attorney Malpractice insurance policies may have a Firm Prior Acts Date, an Individual Prior Acts Date, a Career Coverage Prior Acts Date and/or PredecessorFirm Prior Acts Date. Each can be used to address specific coverage...
Prior Acts is a term that is often misunderstood and changes from insurer to insure as to its meaning. Each Attorney Malpractice policy defines the terms used in the policy in its own unique way. The devil is in the details.Many insureds assume that Full...
prior acts. This blog continues that explanation.Claims-made insurance policies are designed to provide coverage for covered acts when a claim is made and reported during the policy period. An unendorsed claims-made policy generally only provides coverage...
Brief backgroundMost property & casualty insurance policies are occurrence policies. Your personal auto, homeowners and business owners policies are good examples of an occurrence policy. With an occurrence policy, the policy that is on the risk at the...
