Your retroactive date is the earliest point from which your insurance will respond to claims. It applies to claims-made policies, such as Professional Indemnity, and determines how far back the policy will protect your work. 

For example, if your retroactive date is 1 July 2020, your current policy will cover claims made today that relate to work done any time after that date. 

Some insurance policies may show a retroactive date of ‘unlimited.’ This means there is no retroactive date, and all past work may be covered.

Maintaining the same retroactive date each year, without interruption in coverage, is essential. If you let your policy lapse, you may lose that prior protection, even if you later take out another policy. When changing insurers and/or brokers, it is essential to ensure that your retroactive date aligns with your new coverage to maintain uninterrupted coverage. 

Please feel free to contact us for any questions you might have about a suitable retroactive date.