Professional Liability

Questions

• Does E&O cover a missed signature or paperwork error at closing?

  Yes — a missed signature, a slipped contingency deadline, or a wrong date on an addendum is exactly the kind of negligent error professional liability insurance is written to answer, not a footnote it excludes. What decides whether the claim is actually paid is timing, not the size of the mistake: professional liability is written claims-made, so the error has to be discovered and reported while the policy — or its extended reporting period — is in force.

• What is career coverage in a professional liability policy?

  Career coverage is broker shorthand for prior acts coverage — a claims-made policy provision that sets the retroactive date early enough (or removes it entirely) to cover work done before the current policy started, including under a previous carrier. It answers a different problem than tail coverage: tail keeps your old policy's reporting window open after you leave; career coverage gets your new policy to honor the work you already did.