Why is it so important to maintain continuous coverage?
Continuous coverage is important because once a policy has lapsed, for any reason at all, coverage stops, regardless of whether or not coverage was in force at the time a claim triggering incident occurred. A policy must be in force at the time a claim is made in order to have coverage. If a new policy is obtained later, it is difficult, if not impossible, to reinstate your prior acts date with your new carrier. Even specific career coverage options insist on the lawyer’s having maintained continuous E & O insurance.
