Claims-Made Professional Liability Policies

Many Professional Liability policies operate on a claims-made basis.

That means the policy must generally be active when the claim is made, subject to the policy’s retroactive date and reporting provisions.

This is different from many occurrence-based General Liability policies.

Do not cancel or replace a claims-made policy without reviewing:

• Retroactive date
• Prior Acts coverage
• Extended Reporting Period
• Tail coverage