What is Occurrence based policy | Insurance glossary by upcover

Occurance-based policies cover events (e.g., injury or property damage) happening during the policy period, regardless of when the claim is lodged. This means that even years later, coverage applies if the incident occurred while the policy was active. This policy structure typically appears in public liability, products liability, and motor insurance, and it differs from claims-made policies by focusing on event timing rather than claim timing.

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Related Term

Sub-limit

Retroactive Date

Renewal

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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