Sentence examples for occurrence policy from inspiring English sources
If it's available, make sure you buy the more expensive "occurrence" policy, which covers you for accidents at the time they occurred — even if you have since left the business and your policy has lapsed — as opposed to a "claims made" policy, which covers you only if you are insured when the claim is made.
For those unaware of distinction, which in this case was largely without a difference since the Avrahamis' captive wasn't paying any claims anyway, a claims made policy is one where the policyholder must assert a claim during the policy period to qualify it for payment, whereas an occurrence policy means that the liability must arise during the policy period to qualify it for payment.
A first diagnosis or first occurrence policy pays you a sum in the event that you are diagnosed with cancer.
Put in your FMLA policy, excepting emergency circumstances; that you're expected to comply with our regular call out policy or our absence occurrence policy.
The next point raised by the Avrahamis was that Judge Holmes had erred in characterizing certain claims made policies as occurrence policies.
The claims-made basis for liability insurance is considered much more restrictive than a per-occurrence policy.
In this paper we study how inflation expectations are formed and whether these change due to the occurrence of policy shifts or structural breaks.
Most basic packages cover $1 million for each occurrence; umbrella policies can add more coverage quite cheaply.
Its occurrence among policy-makers raises concerns about imbalanced tax and benefit schedules being designed unintentionally despite (or because of) attention to social fairness.
Videographers documenting such occurrences under jail policy fail to focus their cameras or aim the lens toward the floor during the beatings, the report said.
Harvey Kurzweil, a lawyer for Travelers, said, "This vindicates Travelers' position that a jury should be permitted to decide whether this was a single coordinated terrorist attack constituting one occurrence under the Travelers policy".
