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Prior Acts Coverage

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Nose Coverage
A popular term for a supplement to a claims-made malpractice insurance policy that may be purchased from a new carrier when a physician changes carriers and had claims-made coverage with a previous carrier; nose coverage covers incidents that occurred before the beginning of the new insurance relationship but for which no claim has been made

prior acts coverage
Nose coverage, see there


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Most E&O coverage is written on claims-made coverage forms ("claims made" when referenced refers to "claims made and reported" policies rather than the less common "pure claims made") that may include prior acts coverage for the agency.
Key features of the plan include: * Directors and officers liability additional limit--$1 million defense * Employment practices liability additional limit--$1 million defense * Domestic partner coverage * Prior acts coverage * Duty to defend policy * Outside directorship coverage * Claims made within the policy period * Entity coverage with no products liability exclusion.
Be sure to ask about prior acts coverage, deductibles, defense costs (inside, or outside limits), as well as the cost and length of the extended reporting period.
 
 
 
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