Prior Acts Coverage
/ˈpraɪər ækts ˈkʌv(ə)rɪdʒ/
Definitions
- (n.) An insurance provision that covers claims arising from acts, errors, or omissions that occurred before the policy inception date, often used in professional liability policies.
The lawyer secured prior acts coverage to protect against allegations stemming from past services.
Forms
- prior acts coverage
Related terms
See also
Commentary
Prior acts coverage is crucial for claims-made policies to address liability arising from actions predating the policy period.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.