Statute of Repose

A state law that sets an outside time limit for bringing certain claims, usually measured from completion of a project, regardless of when a problem is discovered.

Reviewed by Avi Rabbani, Licensed Insurance Agent

What it means for your firm

For example, Florida generally requires actions founded on the design, planning or construction of an improvement to real property to be brought within 7 years of the certificate of occupancy or similar milestone, with some exceptions (Fla. Stat. 95.11(3)(b)). Other states use different periods.

Repose periods are one reason clients ask design firms to keep coverage in force for years after a project ends. This is general information, not legal advice.

Guides that use it

How claims-made coverage works Damage found years after the job: which GL policy pays Insurance rules for design firms in Florida

Sources

Florida Statutes 95.11 (limitations and repose)

Articles that explain it

Damage Found Years After the Job: Which GL Policy Pays, and Why You Keep Old Policies What Is an Extended Reporting Period (Tail) on an A&E Professional Liability Policy?

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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