Ensuring Continuity of Professional Liability Policies

Professional liability insurance programs are complex contracts that must be managed with the expertise of an experienced broker.  This is particularly true whenever a policyholder is considering switching carriers.  Policyholders may want to switch for a lower price, or to move to another carrier for affinity or other preferences.  But switching carriers without ensuring full continuity of coverage creates the risk that claims alleging negligence in prior years will not be covered.  Indeed, the risk of a claim increases every year an entity is in business, so coverage must be in place today for any negligence, error or omission which took place before the current policy period.