Olive Cover
AboutFree Coverage Review

Commercial

What does claims-made mean on a professional liability policy?

Claims-made policies cover claims reported during the policy period, regardless of when the error occurred, as long as it happened after the retroactive date. This means if you let the policy lapse, claims filed later are not covered even if the mistake happened while you were insured. Keeping continuous coverage with the same retroactive date matters more on claims-made than on any other policy type.

Have a question we did not answer?

We respond within 1 business day. No obligation.

Free Coverage Review