Coverage under this program is offered on a claims made basis. The policy will only cover claims first made against the insured and reported during the policy period. The agent must not have had knowledge of the claim or circumstances likely to result in a claim at the effective date of his/her coverage. An agent must have E&O insurance at the time the insurance product is sold and at the time in which a claim is reported without a gap in coverage. This plan offers prior acts coverage beginning with your original date of continuous E&O coverage. The plan also offers a one year automatic extended reporting period beginning on the policy termination date. See the Policy for more details.