Subjectivity
A condition in a quote that must be met before or after binding, such as a signed application or a driver list.
What it means for your firm
Some must be met before binding. Others can be met after, within a set time, often 30 days. If one is not met, the carrier may change the terms or cancel the policy.
We track each one and tell you what is still needed.
Articles that explain it
Can You Cancel E&O Insurance After Closing an Architecture or Engineering Firm? Do Architects Need Tail Coverage When They Retire? Do Architects Need Tail Coverage When Closing Their Firm? I Already Started an Architecture Project. Is It Too Late to Buy Professional Liability Insurance? How Much Does Professional Liability Insurance Cost for a Small Architecture Firm? I’m a Full-Time Architect Doing Side Work. Do I Need My Own Professional Liability Insurance?
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.
Talk to a specialist
Tell Us About Your Firm. We’ll Tell You What We See.
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.