What does Occurrence Policy mean? Read on to discover the definition & meaning of the term Occurrence Policy - to help you better understand the language used in insurance policies.
A policy covering claims that arise out of damage or injury that took place during the policy period, regardless of when claims are made. Most commercial general liability (CGL) insurance is written on an occurrence form. Contrast with Claims-made coverage trigger; Claims-made policy.
We hope the you have a better understanding of the meaning of Occurrence Policy.