What is an Endorsement?

An endorsement is a modification to an insurance policy, allowing for the addition, removal, exclusion, or alteration of coverage. Endorsements can be implemented at the time of policy purchase, during the term, or upon renewal, providing legally binding changes to the insurance contract. For instance, a cyber protection endorsement can be added to a professional liability policy to ensure coverage against data breaches or cyberattacks, which are not typically included in standard professional liability insurance policies.