Reasonable CareThe policyholder is (under duty of care) lawfully required to act reasonably, responsibly and not to expose their insurers to unnecessary risks and hence claims. This is a general condition in all contracts of insurance.
RenewalThe process where the period of insurance is coming to an end, and an invitation is issued to renew or continue the policy for a further period.
Retroactive DateA retroactive date is generally the date from which you have held uninterrupted insurance cover. It is typically applied to professional indemnity and directors & officers insurance policies and its purpose is to exclude claims arising from any work undertaken prior to the date shown.
Risk AssessmentThe process of identifying, evaluating and measuring all potential risks which may be found within a particular situation.
