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Frequently Asked Questions regarding Claims-Made and Retroactive Date



What is the difference between a claims-made policy and an occurrence policy?
What triggers coverage on a claims-made policy?
What is a retroactive date?
Why is a retroactive date important to maintain?
Examples of Covered and Not Covered Timelines


What is the difference between a claims-made policy and an occurrence policy?
  • Coverage is activated when the claim is made (claims-made policy) instead of when a wrongful act occurs (occurrence policy).


What triggers coverage on a claims-made policy?
  • Claim must be made during the policy period.
  • Claim must be reported during the policy period.
    • Most policies allow a 30 to 60 day period after policy expiration in which you can still report claims made during the policy period – check your policy for specific provisions.
  • The wrongful act must occur on or after the policy retroactive date.


What is a retroactive date?
  • Date from which you can show continuous proof of E&O coverage
  • There may be NO gaps in coverage – not even 1 day.


Why is a retroactive date important to maintain?
  • In order for a claim to be covered, it must occur on or after the retroactive date. Example 1 below
  • Any claim made prior to the retroactive date, will NOT be covered. Example 2 below


Examples of Covered and Not Covered Timelines
  • Example 1: Claim COVERED
  • Example 2: Claim NOT COVERED

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