For example, suppose that you are insured under a claims-made general liability policy. Your policy begins on January 1, 2022, and ends on January 1, 2023. When your policy expires, you elect to renew it under the standard occurrence-based policy. Your occurrence policy runs from Jan. 1,...
CLAIMS-made policiesRISKThe article focuses on a theoretical approach related to claiming of insurance liability and its occurrence based policies. It then discusses occurrence based contracts for policyholders, claims-made contracts and the difference between these contracts. It further discusses ...
Claims-made policies require that claims be filed during policy periods, whereas occurrence policies allow an unlimited filing time but stipulate that injuries must occur while policies are in force. Occurrence and personal injury are similar, but the latter requires that injuries be intentional, not...
The claim may arise years after the policy has expired, and the occurrence coverage trigger places little or no importance on the date the insured receives notice of the claim. In the case of a claims-made policy, however, determination of coverage is triggered by the date you first became ...
Claims Made and Occurrence Based Policies Coverage Declinations and Reservation of Rights Excess Letters Dietary Supplement/Nutraceutical Liability Medical Product Liability Natural Products Liability Manufacturer Errors & Omissions Clinical Trials Health & Beauty Products ...
The spatio-temporal occurrence of chimney fires was compared with local climate data looking for any threshold conditions which might trigger the seasonal changes in occurrence. Finally an attempt is made to measure the effectiveness of the... M Holmes,Y Wang,I Ziedins - 《Holmes Mp》 被引量...
Is it occurrence coverage or claims-made coverage? Of course arguments can be made for an occurrence... MA Terrell - 《Cds Review》 被引量: 0发表: 2005年 Professional liability Consider the benefits of professional liability coverage based on an occurrence policy versus a claims-made coverage ...
“claims-made” policy指的是索赔提出制保单,它属于产品责任保险保单(product liability insurance policy)的一种。产品责任保险保单格式分为索赔提出制和事故发生制,索赔提出制要求产品销售日期、事故发生时间、索赔提出时间均在保险期间内,保险公司才可以按照保单内容进行赔付。其英文释义如下:A claims-made policy is ...
a2.59. The insurance required by this Agreement shall be written for not less than limits of liability specified in the Contract Documents or required by law, whichever coverage is greater. Coverages, whether written on an occurrence or claims-made basis, shall be maintained without interruption ...
Claims-Made vs. Occurrence Nearly all liability policies fall into one of two categories: claims-made oroccurrence. A claim made while the policy is in force triggers coverage for a claims-made policy. The insurance company is obligated to defend the policyholder and pay for the claims. The ...