Glossary
Occurrence policy
Coverage triggered by when an incident happens, regardless of when the claim arrives — the standard architecture for general liability, in contrast…
What is occurrence policy?
Coverage triggered by when an incident happens, regardless of when the claim arrives — the standard architecture for general liability, in contrast to claims-made E&O.
Why it matters
Occurrence policies cover events that happen during the policy period, no matter when the claim arrives — the standard structure for general liability. Professional liability is almost never written this way, which is why the two coverages behave so differently at claim time.