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
Can I Switch Insurance Agents Without Changing My Policy? Why a Cheap Online E&O Policy May Not Cover Your Engineering Work Bringing a 1099 Architect Into Your Firm? Five Professional Liability Questions to Answer First Insurance for Forensic Engineers: Investigations, Reports and Testimony Miscellaneous Professional Liability vs. an Architects and Engineers Policy: What New Design Firms Should Know Admitted vs. Surplus Lines Carriers: Why One Quote Has Taxes and Fees
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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