Policies on a "claims made" basis cover claims reported during the policy terms, regardless of the date of occurrence. In contrast, "occurrence" policies cover clai [..]

A method of providing liability insurance in which the insurer agrees to cover all claims asserted against the insured during a specified date period regardless of when the claim occurred. All claims-made policies have a "retro" date which specifies the beginning date for claims to be considered.

This can apply to Liability, Professional Indemnity or Directors & Officers Liability policies. If a claim is made during the time period when a policy is in effect, the insurance company is respo [..]

Most professional liability coverage’s are arranged on what is known as a claims made wording. This means that the policy only responds to claims first made against your business during the policy period, irrespective of when the act of negligence was actually committed. Once the period of insurance has expired, no claims can be made on insurers un [..]

Most professional liability coverages are arranged on what is known as a claims made wording. This means that the policy only responds to claims first made against your business during the policy peri [..]

Refers to the trigger of liability coverage. An occurrence policy responds to events that happen (occur) during the policy period. Claims-made policies respond to lawsuits filed (the making of a claim) during the policy period.

Coverage is triggered if the claim is made during the policy period (unlike occurrence basis). A joy for claims specialists, the concept is usually complicated by various other stipulations.

Coverage is triggered if the claim is made during the policy period (unlike occurrence basis). A joy for claims specialists, the concept is usually complicated by various other stipulations.