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Getting professional indemnity cover right: the retroactive date and run-off.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
What it means
This is the practical half of professional indemnity insurance: the features that decide whether a claim is covered.
Why it matters
Policies are claims-made, so the policy that responds is the one in force when the claim is MADE, not when the work was done.
What it looks like in practice
The retroactive date determines how far back work is covered. Changing insurer without maintaining it can leave a gap covering years of past work.\n\nRun-off cover protects past work after you stop trading or sell, and is typically needed for six years.
What to watch out for
Retiring or selling and cancelling the policy. Claims can arrive years later and there is then no cover and no company to defend them.
Where to get proper advice
A broker who understands claims-made cover. Your professional body may mandate minimum terms.
Where to read more
Last reviewed 2026-08-28 by Fiducia Together · Next review due 2027-08-28
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.