Claims-Made Pointers: Full Prior Acts & Continuity of Coverage (Exposures and Coverages‪)‬

Claims-made policies are now the dominant policy form for professional and managerial liability policies. (i) Most of us understand the basics of claims-made, but there are facets of these policies that can be puzzlers. Full prior acts coverage and continuity of coverage are two of them. Full prior acts coverage is keyed to the retro date provision (ii) that's a part of many claims-made policies. Policies that do not have a retro date restriction or where the retro date is set equal to the entity's inception are said to have full prior acts coverage. (Incidentally, if you can't get full prior acts coverage, you want the retro date set as far in the past as possible.)