Commercial

What is a retroactive date on a professional liability policy?

Retroactive date is the date from which prior acts are covered under your claims-made E&O policy. A policy with a retroactive date of January 1, 2020 covers claims reported today for work done after that date. Moving the retroactive date forward (shortening prior acts coverage) is sometimes done to reduce premium but creates gaps for work done between the old retroactive date and the new one. We never move a retroactive date forward without a specific business reason and client consent.

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What is a retroactive date on a professional liability policy?

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