accident
(1) In boiler and machinery insurance, a sudden and accidental equipment
breakdown that causes damage to the equipment. Boiler and machinery coverage
applies to loss or damage resulting from an accident to a covered object. (2)
In liability insurance, particularly older forms, an event that must cause bodily
injury or property damage trigger coverage. Modern liability policies, such
as the commercial general liability policy, use the broader term "occurrence"
instead of "accident." See also Occurrence.
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CAI VIII.G;
CLI V.L;
CPI XI.D