Retroactive Date
The earliest date of work a claims-made policy looks back to. Work done before this date is usually not covered.
What it means for your firm
Many A&E firms keep the same retro date for years so all their past projects stay within the policy.
Changing carriers without carrying the retro date over can leave earlier projects without coverage. We check this every time a policy moves.
Guides that use it
Articles that explain it
My coverage lapsed. What happens to prior acts and the retro date? Online, Generalist Agent or Specialist? Where a Small Niche Firm Should Shop for Insurance Insurance for Machine Control Modeling Firms: When Your File Tells the Machine Where to Dig The Policy You Bought Online Was Built for Someone Else Can a Contractor Sue the Architect After the Owner Sues the Contractor? Starting Your Own Practice: The First Policies You Need and What They Cost
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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