Retroactive date
Check how far back eligible work can reach.
If clients rely on your advice or professional services, a mistake or missed deadline can lead to a claim for their financial loss. Pelorus helps you arrange professional liability coverage that fits your work.
Your operations, considered together.Claims-made coverage
The work and the claim can be years apart.
Claims-made coverage connects the date of your work with the date a claim is made and reported.
Work performed
Advice, services or a missed deadline may later lead to a claim.
Claim made & reported
Policy periods and reporting requirements matter.
Plan for continuity when changing insurers, closing a practice or retiring. A review connects earlier work with your next chapter.
Under the policy
What the coverage can include.
- 01Claims of errors, omissions or negligence in your advice or services
- 02Legal defense costs, even when a claim has no merit
- 03Settlements and judgments, up to the policy limit
Who it’s for
How it connects to the work you do.
Professional offices
An accountant's missed filing or a consultant's flawed recommendation can lead a client to claim for its losses.
Design-build contractors
Design, engineering and project-management services call for professional liability alongside a contractor’s general liability coverage.
Property managers
Managing buildings for owners can bring claims over leasing, maintenance or financial decisions made on their behalf.
Technology and IT firms
Software, IT and managed-service firms can face claims that a system failure or delay cost a client money.
Before we talk
The questions behind the policy.
What happens to coverage if I switch insurers or retire?
Plan for continuity before the change. We review the retroactive date when you switch insurers and extended reporting options when you retire or close a practice, so earlier work stays part of the coverage discussion.
How do professional and general liability work together?
General liability addresses bodily injury and property damage claims. Professional liability addresses claims that your services or advice caused a client a financial loss. Together, they address distinct parts of a service business’s work.
Your next step
Make it fit the business you run.
Bring us the question. We’ll help you understand the exposure and the options available.
Prefer email? Contact our teamUseful for a first conversation
- Your current policies or contract terms
- The locations, dates or assets involved
- What has changed since your last review
You don’t need everything ready to get in touch.