A claims-made coverage trigger obligates an insurer to defend and/or pay a claim on an insured's...
occurrence policy
An occurrence policy is one that covers claims that arise out of damage or injury that took place during the policy period, regardless of when claims are made.
Additional Information
Most commercial general liability (CGL) insurance is written on an occurrence form. Contrast with claims-made coverage trigger; claims-made policy.
Related Terms
A claims-made policy provides coverage that is triggered when a claim is made against the insured...
