Commercial

What is the difference between claims-made and occurrence policies?

Two ways liability and professional policies trigger coverage. Occurrence pays for events that happen during the policy period, no matter when the claim is reported. Claims-made pays for claims reported during the policy period, regardless of when the underlying event happened. A doctor on an occurrence policy in 2020 is covered for a 2024 lawsuit about 2020 treatment. A doctor on a claims-made policy must keep coverage active in 2024 (or buy tail coverage) to be covered. See our Insurance Terms page at /insurance-terms.

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What is the difference between claims-made and occurrence policies?

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