Generally, these are claims-made policies that only respond to claims presented or discovered during their effective period. Depending on the nature of your work, it may be beneficial for you to carry professional liability insurance. Largely due to changes that occurred in the insurance. Why Zacks?
The retroactive date is a key term for every liability insurance policy written on a claims-made basis. A legal malpractice policy (AKA Legal Professional Liability policy or LPL policy) covers law firms from malpractice claims. Generally, these are claims-made policies that only respond to claims presented or discovered during their effective period. The retroactive date is the. Please leave this field empty.
A retroactive date is generally the date from which you have held uninterrupted professional indemnity insurance cover. Definition of retroactive date: A date that may exist in a claims made policy. If this date does exist, it represents the beginning of coverage. No claims made after. A professional indemnity policy is a form of insurance designed to protect those who provide services to clients from the liability of negligence and damages claims.
The retroactive date is the day when insurance coverage begins. A retroactive date is the date from which you have held uninterrupted professional indemnity insurance cover (even if you changed insurer during this time) or a. Dan Levenson March 08,
The retroactive date on the professional indemnity insurance is the date from which the insured has held uninterrupted professional indemnity insurance.
If you're buying a professional indemnity insurance policy then you'll need to understand what the 'retroactive date' is.