Of paramount importance is the retroactive date that is included on an error omission insurance policy. The more recent the date, the less the coverage will be. Therefore, close consideration must be given to the policy time period. Underwriters of errors and omissions insurance often ask for extensive data from the professional or company requesting a policy including such things as training procedures, copies of licenses, legal histories, documentation procedures, and contract copies,. All professionals with public and fiduciary duties to clients will do well to make sure they are covered by the most extensive errors and omissions liability insurance they can afford. Protecting a professional license, reputation and career may depend on it.