A retroactive date is the earliest point in time your insurance will cover work you’ve done. With a Claims Made Policy, it means you can claim for problems that happened on or after that date, even if you only find out about them and report them years later. Anything that happened before the retroactive date won’t be covered. This applies to policies like Professional Indemnity or Design & Construct Insurance, where claims can pop up long after the job is finished.
« Back to Glossary Index
« Back to Glossary Index
