What is Retroactive Date for a General Liability

[chiwas]

Policy? Could some one give me a couple of examples of what retroactive date mean???

[winter*season]

DEC 21st. the longest day of the yearaka the shortest

[Rebekah]

Ok, so say all the applications, payments etc, were all complete on January 15, but the policy application stated a January 1 start date. That means you will have been covered retroactively(back) to Jan 1. If anything happened between the first and fifteenth, when you received final approval, you would have been covered.