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[Description] Professional Liability policies are written on a claims made basis. This means the Policy covers claims actually brought against an Advisor during the policy term, irrespective of when the error or omission took place. It is vital to ensure that all claims or incidents which may give rise to a claim (i.e. become known by the Advisor because of a complaint — written or oral — by the client or discovery by the Advisor of the error) are reported to the insurer during the Policy Period. Policy is written on a “Claims Made” form [Item] 
“Claims Made” Policy
CIFPs | Building a strong profession today, for tomorrow
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