Retroactive Date in Liability Insurance is the earliest date from which your Liability Insurance Policy will cover Insurance Claims arising under the Policy. A Liability Insurance Policy will not provide any Insurance Coverage for Claim Incidents occurring prior to Retroactive Date.
Additional Insured is an Endorsement in Liability Insurance which extends coverage under the Insurance Policy to persons other than the Insured Party. The entity named as an Additional Insured can avail coverage under the Liability Insurance Policy and can also file a Claim with the Insurance Company under the Policy if they are sued.
Liability Insurance is a type of Insurance product which provides coverage against lawsuits arising from Bodily Injury or Property Damage or for Financial Losses suffered by Third Parties on account of negligence, Errors or Omissions or Breach of Duty by the Insured Party.