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What is continuity date in D&O Policy?

QuestionsCategory: Directors & Officers Liability InsuranceWhat is continuity date in D&O Policy?
default avatarPlan Cover Staff asked 2 years ago
1 Answers

Best Answer

default avatarSrinivasan Mahadevan answered 2 years ago
Directors’ and Officers’ Insurance, in short D&O liability Insurance, is non-life insurance. If you have the responsibility to buy such a policy, it is important to know a few technical details about it. When you have the basic knowledge about certain terms of the insurance policy, it becomes easier for you to choose the most suitable policy. 
A Continuity Date is the earliest date from which the insured claims-made insurance policy will protect them against a specific covered loss. The nature of loss can be a harmful mistake, omission or any other type of action by a stakeholder.
What can be the Continuity Date?
Here are some guidelines.

  • If the D&O insurance has never been dropped, the Continuity Date will be the date from which the first insurance is active.
  • If the insurance has been dropped, the Continuity Date will clearly be the start date of the successive insurance policy.
  • If there never was any insurance, the Continuity Date will be simply the start date of the first insurance policy. 

As you can see, there are three broad cases you may take into account while deciding on the Continuity Date. If you still have any confusion, get in touch with an expert broking agency. It is wise to seek advice from PlanCover, a renowned and trusted insurance broker in the industry. The company provides full support to various businesses in India, especially small businesses, and across liability and health insurance. Feel free to get in touch with PlanCover.