Occurrence versus Claims-Made Insurance Policies
Occurrence versus Claims-Made Insurance Policies
Liability insurance is often categorized as "occurrence" or "claims-made." This Demonstration allows you to set the window during which the "occurrence" must occur and the window during which the "claim" must be made. It then categorizes the policy and depicts its features visually, such as a retroactive date or an extended reporting period. You can also set when an occurrence takes place and when a claim is made. The Demonstration then shows whether the occurrence and claim are within their respective windows and whether coverage is thus likely.