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Occurrence

In cyber insurance, policies can be “claims-made” or “occurrence” based; an occurrence policy covers losses based on when the event happened, regardless of when the claim is made, provided it falls within the coverage window. This distinction affects retroactivity, discovery, and reporting obligations. Clear definition is crucial to determine whether the triggering incident is within insured risk periods.

Related Term

All Category

In cyber insurance, policies can be “claims-made” or “occurrence” based; an occurrence policy covers losses based on when the event happened, regardless of when the claim is made, provided it falls within the coverage window. This distinction affects retroactivity, discovery, and reporting obligations. Clear definition is crucial to determine whether the triggering incident is within insured risk periods.

Related Term

All Category

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