FAQs

Sometimes, and only where it was genuinely unknown. Pre-existing conditions coverage exists on site pollution forms, but it turns on the retroactive date and on what the application disclosed. ...

Contain it, report it, and tell us before the regulator writes to you. California reporting duties can run to the regional water board, the local certified unified program agency, ...

There is no standard formula. The range is usually set by your operations and what is on or under the site, any regulatory or permit requirements that apply to ...

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 ...