Whats the difference between claims-made coverage and prior acts coverage?
While claims-made coverage applies to a claim which is made during the policy period, prior acts coverage offers protection for wrongful acts that happened before the inception date of an insurance policy…but have yet to become known. For example, a buyer of E&O insurance may want to extend coverage for a period of time prior to when the coverage becomes effective…just in case.
While claims-made coverage applies to a claim which is made during the policy period, priors acts coverage offers protection for wrongful acts that happened before the inception date of an insurance policy…but have yet to become known. For example, a buyer of E&O insurance may want to extend coverage for a period of time prior to when the coverage becomes effective…just in case.
-Top of page While claims-made coverage applies to a claim which is made during the policy period, priors acts coverage offers protection for wrongful acts that happened before the inception date of an insurance policy…but have yet to become known. For example, a buyer of E&O insurance may want to extend coverage for a period of time prior to when the coverage becomes effective…just in case.
