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Your present insurer won't cover prior years when you ALREADY PAID insurance premiums for those years? What kind of insurance is that?

I'm probably a dinosaur, but up until this year I mailed out pre-tax stuff - engagement letter, privacy letter, organizer, etc. This year, I sent that stuff as an attachment for clients who have email. There are only a very few who don't. Big difference, and no paper cuts!

I have Hiscox and they covered prior years, I think up to 20. This amazed me, but I was assured by the agent it was true and it was in writing when I received the policy.

any time that I changed carriers they picked up the prior acts date but I had to have that on the application.

Randall, that is my understanding also. I called this year to confirm it. I have a "Claims Made and Reported Policy" which I am told is standard in the industry for E&O insurance. I have had insurance with the same company (Affinity Insurance Services, which is a sub of CNA Surety) since 2010, and as long as I continue with them each year, I have coverage back to 2010. However, since this is a "claims Made and Reported Policy" if I don't continue with them, then I lose that coverage. Claims have to be made while the insurance is in force. After research I see that the one I inquired about, Western Surety Co, is also a sub of CNA Surety, so I would guess the policy would be the same, so maybe I don't gain anything by changing - in fact lose coverage.

I'm not sure but isn't that standard practice? The new insurer covers the past years. Then when you retire, I think they offer some extension for a year or two (extra premium of course).

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But, but, but pull to the right or to the left? Facing forward or towards the wall? Needs more deliberation, I think.

I've never signed up for them and still get my final copy every once in a while.