a form of insurance in which coverage is limited to Choosing Policy Options

a form of insurance in which coverage is limited to liability for claims arising from incidents or events that occur and that are reported to the insurance company while the policy is in force

Policy type that covers the named insured for claims made and reported to the insurance company while the policy remains in force.

A policy wherein the insurer pays for claims made during the year. The event giving rise to the claim may or may not occur in a prior year.

A liability policy that provides coverage for an injury or loss if the claim is first reported or filed during the policy period. This is in contrast to the broader occurrence policy forms, which cover injury or loss that occurs during the policy period, regardless of when the claim is first made.

A form of insurance that pays claims presented to the insurer during the term of the policy or within a specific term after its expiration. It limits liability insurers' exposure to unknown future liabilities. (See Occurrence policy)