- 736
Ok here's a tough situation i can't seem to figure out.
Professional E&O claims made policy for Mr. Smith
after 3 months Mr. Smith decides he needs a llc and opens Smith Agency LLC and buys E&O for the company, how will claims made and reporting be effected for Mr. Smith personally for the 3 months he's been doing business?
Do you ask the E&O carrier to cover prior acts but different name or have Mr. Smith buy tail coverage individually?
Professional E&O claims made policy for Mr. Smith
after 3 months Mr. Smith decides he needs a llc and opens Smith Agency LLC and buys E&O for the company, how will claims made and reporting be effected for Mr. Smith personally for the 3 months he's been doing business?
Do you ask the E&O carrier to cover prior acts but different name or have Mr. Smith buy tail coverage individually?