Back-dated liability insurance / Backdated Liability Insurance: What it Means, How it Works

Back-dated liability insurance

Back-dated liability insurance

The Importance of Liability Insurance 3. Key Takeaways Backdated liability insurance is insurance that provides coverage for a claim that occurred before the insurance policy was purchased. Backdated liability insurance is a type of insurance policy that covers events that occurred in the past but were not covered by insurance at the time. The best option for reducing the cost of retroactive coverage depends on the specific needs of the business. The retroactive coverage date defines the limitations of prior acts coverage. Miss Independent. Therefore, it is essential to be aware of the consequences of a coverage gap to mitigate potential risks.

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