What is a retroactive date in a professional liability policy?

It's the date from which your coverage applies. Claims arising from incidents after this date are covered if the policy is active when the claim is made.

A retroactive date in a professional liability policy marks the earliest date an incident can occur and still be covered by the policy. Claims for incidents before this date are excluded.

A financial advisor’s retroactive date excludes claims for incidents that occurred before their first policy was active.

Compare quotes from multiple insurers to find the best rate for the coverage you need.