Policyholder Services

What is prior acts coverage?

Prior acts coverage, also referred to as “nose” coverage, is an extension of coverage in which your new carrier agrees to insure you for new, unreported claims arising from services you rendered while you were insured with your previous claims made carrier. By purchasing prior acts coverage from your new carrier (OMIC), you eliminate the need to purchase an extended reporting period endorsement from your previous carrier. Because all requests for prior acts coverage are subject to underwriting review, you should never decline your option to purchase “tail” coverage from your previous carrier until you have received confirmation that your request for prior acts coverage from your new carrier has been approved.