Prior Acts Coverage
Coverage for work you did before the current policy started, back to the retro date.
What it means for your firm
Prior acts coverage is what lets a new claims-made policy respond to older projects.
How far back it reaches depends on the retro date shown on the policy.
Guides that use it
Articles that explain it
My coverage lapsed. What happens to prior acts and the retro date? We Buy Our Insurance Through Our Professional Association. Is It Still Worth a Second Look? ‘Our Payment Was Returned. Do We Have a Lapse?’ Cancellation, Reinstatement and Rescission Notices Upgrading From a $100K Online Policy to $1M: Why You May End Up With Two Retro Dates Can I Switch Insurance Agents Without Changing My Policy? Miscellaneous Professional Liability vs. an Architects and Engineers Policy: What New Design Firms Should Know
General definition for education only. It is not an interpretation of any policy or contract, and it is not legal advice. The wording of your own policy and contract controls. Policies and definitions vary by insurance company.
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Starting out or renewing, with a policy in hand or not. If something is worth discussing, we’ll call. If not, we’ll say so.