Retroactive Date

Although the policy deals with claims notified within the current policy term as described above "on a claims made basis". The policy schedule will also state a retroactive date. This retroactive date is how far back they will cover previous work you have undertaken, and will often be the same date as you started your practice. It is therefore of paramount importance that you ensure the retroactive date goes back far enough to cover all work you have ever done. To ensure all work is covered it would be prudent to have the retroactive date shown as unlimited, either way this needs to be discussed with your insurance adviser when arranging the policy to ensure there is no previous work not covered.