E&O Tips

E&O TIP: Obtaining Signatures on Applications

Utica National Insurance Group E&O Risk Management

Professional Liability Coverage – also known as Errors & Omissions Coverage – is typically written on a claims-made basis. Claims-made coverage is unique in that it requires claims to have occurred on or after the retroactive date of the policy and to be submitted during the policy period or an extended reporting period for there to be coverage. Claims from these policies typically involve issues surrounding retroactive dates and extended reporting period coverage. To help avoid these types of claims, the following is advised:

  • When sending the application to your client for signature, provide the full application. Do NOT only send the signature page.
  • Be clear to clients that they should first review the application and then sign it. Sample language: Please review the attached application for accuracy and completeness and then return it signed and dated. If there are any discrepancies, please contact me.
Are you looking for risk management guidance on a particular topic? Reach out to Tabitha DeGirolano of our E&O team for help at tabitha.degirolano@uticanational.com.