Occurrence Policy

Plain English Definition: A type of insurance policy that covers claims arising from events that occur during the policy period, regardless of when the claim is filed.

What Occurrence Policy really means for someone with an insurance policy

With an occurrence policy, policyholders are protected against claims related to incidents that happened while the policy was active, even if the claim is filed years later.

Occurrence Policy Real World Examples

• A homeowner’s insurance policy covers damage from a fire that occurred during the policy period, even if the claim is filed later.
• A professional liability policy covering medical malpractice claims from incidents that happened while the policy was active.
• General liability coverage for a slip-and-fall accident occurring during the policy term.