Progressive injury or damage
Term · Insurance and risk management · MLC-T-INS-002713
Bodily injury or property damage that occurs gradually over time rather than from a single, sudden event. This type of loss develops incrementally, making it challenging to pinpoint a precise date of occurrence. It is a common issue in environmental liability and long-tail claims, where exposure to harmful conditions leads to eventual harm.
| Identifier | MLC-T-INS-002713 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002713",
"term": "Progressive injury or damage",
"field": "Insurance and risk management",
"definition": "Bodily injury or property damage that occurs gradually over time rather than from a single, sudden event. This type of loss develops incrementally, making it challenging to pinpoint a precise date of occurrence. It is a common issue in environmental liability and long-tail claims, where exposure to harmful conditions leads to eventual harm.",
"url": "https://mlchart.com/terminology/insurance/progressive-injury-or-damage/"
}
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