FAQs

What you already knew about, and what you meant to do. Conditions known before the policy incepted are excluded, which is why a site policy usually follows a Phase ...

It depends on how the form defines who is insured. Many professional forms extend to work performed on your behalf, so a claim arising from a subcontractor's error can ...

No, and this is worth being precise about. A claims-made policy responds to claims first made and reported while it is in force. Once it ends, a new claim ...

Cancelling it can leave every year you worked unprotected. A claims-made policy responds to claims reported while it is in force, so once it ends there is nothing to ...

Not as a liability claim, and only through a separate sublimit if at all. A regulatory or licensing board inquiry is not a third party suing you for financial ...

It decides who controls whether your claim settles. Many E&O forms require your agreement before the insurer can settle, which matters when the allegation touches your professional reputation. The ...

What sits beneath it, more than the umbrella limit itself. Underwriters look at the underlying exposures being layered over: the class of business, revenue or payroll, the number and ...

Often the contract decides before the exposure does. Leases, client agreements, municipal permits, and general contractors routinely require $2,000,000 or $5,000,000 of combined limits, which a primary policy alone ...

The umbrella still attaches where the schedule says, and you own the gap. If the schedule requires a $1,000,000 general liability limit and the primary is written or reduced ...

It attaches at a stated point, and only over the policies listed on its schedule. The schedule of underlying insurance names each policy and the limit it must carry, ...