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Cover for claims arising from professional services performed by a principal, partner, or director of the Insured prior to joining the current practice, typically provided: (a) the prior services were the same profession as the Insured's current Professional Services; (b) the prior practice did not exceed a specified size (often 10 or fewer partners/directors); and (c) the individual does not have cover under any other insurance for such services. The retroactive date for this extension is generally the commencement date of the prior practice. Specific conditions and limitations should be verified against the policy wording.
Cover for claims arising from professional services performed by a principal, partner, or director of the Insured prior to joining the current practice, typically provided: (a) the prior services were the same profession as the Insured's current Professional Services; (b) the prior practice did not exceed a specified size (often 10 or fewer partners/directors); and (c) the individual does not have cover under any other insurance for such services. The retroactive date for this extension is generally the commencement date of the prior practice. Specific conditions and limitations should be verified against the policy wording.
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