Section 5 Prior Acts

• Library: Prof Liability 2005

If a claims-made policy provides coverage only for those acts reported to the carrier within the policy period, what about the claims reported within the policy period where the actual occurrence giving rise to the claim occurred before the policy period? Under those circumstances, coverage depends on the scope of prior acts coverage provided to the insured in the policy.

If no “prior acts” coverage is provided to an insured, there will be no coverage for those errors that occurred before the policy...