Occurrence policy

Term · Insurance and risk management · MLC-T-INS-002390

A type of liability insurance policy that covers claims arising from incidents that occur during the policy period, regardless of when the claim is reported. The key factor for coverage is the date of the injury or damage, not the date the insured becomes aware of it or reports it. This contrasts with a claims-made policy, which requires the claim to be reported during the policy period.

Table 1. Record
Identifier	MLC-T-INS-002390
Field	Insurance and risk management
Subject	Excess Umbrella

Record as JSON

{
  "id": "MLC-T-INS-002390",
  "term": "Occurrence policy",
  "field": "Insurance and risk management",
  "definition": "A type of liability insurance policy that covers claims arising from incidents that occur during the policy period, regardless of when the claim is reported. The key factor for coverage is the date of the injury or damage, not the date the insured becomes aware of it or reports it. This contrasts with a claims-made policy, which requires the claim to be reported during the policy period.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/occurrence-policy/"
}

Record 2,378 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.