How does claims-made coverage work for Georgia professional liability?

Professional liability (E&O) insurance is claims-made, meaning coverage applies only when both the work was performed and the claim is reported during the policy period (or within the retroactive date window). This is different from occurrence-based GL, which covers incidents that happen during the policy period regardless of when reported. The practical implication: if you let your E&O policy lapse, you lose coverage for past work unless you purchase an extended reporting period (tail). Never let E&O lapse without tail coverage if you will continue receiving claims for past work. We review tail options at every E&O renewal.