Professional liability / E&O
A claims-made policy with the wrong retroactive date covers nothing you have already done.
Prior acts is the whole policy
If a rewrite resets your retroactive date to inception, every year of work you have already performed becomes uninsured. We never move it forward without telling you in writing what you are giving up.
The tail matters at the end
An extended reporting period is what protects you after you stop practising or change carriers. Price it before you need it.
Compare professional liability / e&o
The exclusions we read for in this line
| Exclusion | Severity | What it means |
|---|---|---|
| No prior acts / retro date is inception | critical | Claims-made policy with an inception retro date covers nothing that already happened. |
| Non-admitted: no state guaranty fund | material | If the carrier becomes insolvent, the state guaranty association does not pay the claim. |
The market archetypes we shop in this line
IronKey does not publish carrier names it is not appointed with. These are the program archetypes the exchange shops. When an appointment is executed, the carrier's name and rating appear here.
| Program | Type | A.M. Best | Bind | Note |
|---|---|---|---|---|
| Professional Liability Program A Miscellaneous E&O claims-made |
admitted | A (Excellent) | same day | |
| Professional Liability Program B (E&S) Misc E&O - E&S |
non admitted | A- (Excellent) | refer | Watch the retro date: an inception retro on a rewrite destroys years of prior-acts coverage. |
Insurance offered through licensed agents. IronKey Care is an independent insurance agency, not an insurer. Availability and eligibility vary by state.