Are you…

Running a business?

Freelancing?

Or providing professional services?

Whatever industry you’re in, Professional Indemnity Insurance is one of the most common (and important) insurances.

It’s your friend against claims of mistakes, negligence, or poor advice. 

But how about Professional Indemnity Insurance Retroactive Claim Cover?

It’s an often overlooked but critical feature that protects you from claims tied to the work you’ve done before you got your policy. 

Let's discuss what Retroactive Cover means and why it matters to you.

Retroactive Cover Protects Your Past Work

Think of this:

You’re a marketing consultant.

You revamped a client’s campaign three years ago and it was a hit back then!

However, they’re now claiming losses against you, saying that your strategy failed. 

You’re worried since you only got your Professional Indemnity Insurance a few months ago. 

You’re anxious, wondering if it covers your claim.

Good news for you! Retroactive Cover has your back so you’re not stuck paying legal fees or settlements out of pocket for past work.

How? Look at these:

Caution: It’s Not Always Included in Your Policy

Here’s the catch you should watch out for: Retroactive Cover isn’t always a part of your policy.

Although some Professional Indemnity Insurance policies automatically include Retroactive Claim Cover, there are also those that only have it as an add-on or as an optional cover.

There are even times when the retroactive date is limited.

As you’d expect, these cause gaps to your coverage. 

This is especially risky for businesses like law firms or design agencies, where clients may revisit old work. 

To stay up-to-date, you can do these:

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Keep Your Businesses Safe with Retroactive Cover

As your business expands, so do your risks. 

Every new client increases the chance of a claim, and getting Retroactive Claim Cover ensures your past work doesn’t come back to haunt you.

Retroactive cover can give you confidence that your entire work history is protected. 

Whether you’re a solo freelancer or a growing firm, this feature can prevent costly legal battles and boost your credibility with clients. 

It’s a small investment for big peace of mind. Here’s how:
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• Cost-benefit: Premiums may rise slightly, but it’s far less than a claim’s cost.
  
  
• Growth-friendly: Protects your past as you take on new projects.
  
  
• Client appeal: Shows you’re serious about accountability, building trust.
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Take Control of Your Coverage Today

Your Retroactive Claim Cover is an important tool to make sure your business is safe from past mistakes. 

Whether you’re just starting out or scaling up, understanding how this feature works within your Professional Indemnity Insurance can save you from financial and legal headaches. 

Don’t let the past hold you back. 

Tank Insurance can help you review your Professional Indemnity Insurance policy and look for the latest Retroactive Claim Cover that fits right with your business. 

Contact us today and protect your business from potential claims from the past.