Claims Made

A liabilityThis coverage will pay for BODILY INJURY and/or PROPERTY DAMAGE to the OTHER party for which you become policyThe written contract of insurance. that provides coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy. for an injury or lossThe occurrence of the event for which insurance pays. if the claimNotice to an insurer that under the terms of a policy, a loss maybe covered. is first reported or filed during the policy periodThe period a policy is in force, from inception date to expiration date.. This is in contrast to the broader occurrence policyA liability policy for claims arising out of incidents that occur during the policy period, regardless forms, which cover(1) Purchasing futures to offset a short position (same as Short Covering); see Offset, Liquidation; injury or loss that occurs during the policy period, regardless of when the claim is first made. Generally, medical malpracticeImproper care or treatment by a physician, hospital, or other provider of health care., professional liability, and high hazardCondition that creates or increases the chance of loss. product liabilityLegal liability incurred by a manufacturer, merchant, or distributor because of injury or damage resulting policies are written on a claims-madeCoverage is limited to claims or incidents which take place on or after the retroactive date designated basisThe total amount paid for a property, including equity capital and the amount of debt incurred. For.