Can I get Professional Liability Coverage for claims arising after I retire?

Yes, it is possible to obtain coverage for claims that arise after you retire through what is known as "tail coverage" or "extended reporting period" endorsements. These endorsements can be added to your Professional Liability Insurance policy to extend coverage for a specific period after you retire.

“Tail coverage” or “Extended Reporting Period” endorsements:

This endorsement coverage allows you to continue being protected against claims related to errors, omissions, or negligence that may arise from your past professional services, even though you are no longer actively practicing. This extra layer of protection is vital, as claims might surface after retirement due to the nature of certain professions.

Tail Coverage or Extended Reporting Coverage is a crucial consideration for professionals nearing retirement, offering continued protection against potential liabilities arising from past services. If you have any questions or want to know more about this coverage, feel free to contact us.