Superquote Glossary and Terms: Run Off Cover

Run Off Cover - This term generally applies to professional indemnity insurance policies.  PI cover works on the basis of 'claims made' - If you have a business and it ceases trading for whatever reason, it is wise to have organised run off cover.  This extends the cove from your professional indemnity policy beyond the cesation date of the business for a set period of time.

This then means that you can make claims for work completed while the business was current under the terms of the run off PI cover.