Your retroactive date is a critical component of your claims-made policy. It stays the same as long as you renew your coverage, so even though your effective and expiration dates change each year, your retroactive date should remain the same. Your retroactive date is the earliest date you are covered under your claims-made policy.
For example, let’s say your retroactive date is 7/1/2014. Your policy will not respond to claims when the incident occurred before 7/1/2014.
If that occurred after 7/1/14, which are reported during the policy period. If you did a procedure on a patient prior to your retroactive date, and were later sued, your policy would not cover it. See “The importance of your retroactive date” article.
