Also known as a retroactive date, is simply how far back in your policy is willing to cover. With few exceptions, this feature is unique to E&O policies.

Example - If your policy is effective 1/1/2024 with a retroactive date of 1/1/1999, your policy will cover a claim that occurred 1/3/2005.

Usually, the older the retroactive date, the higher the premium.

All businesses are at risk of error. This policy indemnifies against such expenses.

If you provide your client with bad advice, and are sued, this policy will cover your legal fees up to the policy limits.

For some industries, this policy is required.

It covers claims for breach of contract, failure to complete tasks, and disappointment of services. You can imagen how important this coverage would be for doctors and lawyers.

The underwriting will determine cost according to how risky you seem to them. The following is a list for you to reference.

Where is you business located?

What is your annual revenue?

How long have you been in business?

How many years of experience do you have.

What are your preferred limit of insurance?

What is your preferred deductible?

How may employees do you have?

In our experience, the biggest factors are 1)what are your limits of insurance 2) What is your annual revenue, and 3) what is your line of business.