Occurrence/Claims Sample Clauses
The Occurrence/Claims clause defines the basis on which insurance coverage is triggered, distinguishing between incidents that happen during the policy period (occurrence-based) and claims that are made during the policy period (claims-made). In practice, an occurrence-based policy covers events that take place while the policy is active, regardless of when the claim is filed, whereas a claims-made policy only covers claims reported while the policy is in force, even if the event occurred earlier. This clause is essential for clarifying the scope of coverage and ensuring both parties understand when insurance protection applies, thereby preventing disputes over coverage timing.
Occurrence/Claims. Subject to reasonable commercial availability, coverage shall be on an occurrence basis. If on a claims-made basis, the School shall maintain, without interruption, the Automobile Liability Insurance until four (4) years after termination of this Charter.
Occurrence/Claims. Subject to reasonable commercial availability, coverage shall be on a claims-made basis, the School shall maintain, without interruption, the Errors and Omissions Insurance until four (4) years after termination or non-renewal of this Contract.
Occurrence/Claims. The coverage for Property Damage Liability may be subject to a maximum deductible of $1,000 per occurrence.
Occurrence/Claims. The insurance shall be subject to a maximum deductible not to exceed $25,000 per claim. If the insurance is on a claims-made basis, the School shall maintain, without interruption, the Professional Liability Insurance until three (3) years after termination of this Charter.
Occurrence/Claims. Subject to reasonable commercial availability, coverage 17 shall be on an occurrence form basis. If coverage is on a claims made basis, the 18 School shall maintain a retroactive date prior to or contemporaneous with the 19 effective date of this Charter. In the event the policy is canceled, non-renewed, or 20 changed to an occurrence form basis; if there is a change in retroactive date; or if 21 this Charter is terminated, the School must without interruption purchase an 22 extended reporting rider of not less than four (4) years.
Occurrence/Claims. Subject to reasonable commercial availability, coverage shall be on an occurrence form basis. If coverage is on a claims made basis, the School shall maintain a retroactive date prior to or contemporaneous with the effective date of this Charter. In the event the policy is canceled, non-renewed, or changed to an occurrence form basis; if there is a change in the retroactive date; or if this Charter is terminated, the School must without interruption pur- chase an extended reporting rider of not less than four (4) years.
Occurrence/Claims. Subject to reasonable commercial availability, coverage 4 shall be on an occurrence form basis. If coverage is on a claims made basis, the 5 School shall maintain a retroactive date prior to or contemporaneous with the 6 effective date of this Charter. In the event the policy is canceled, nonrenewed, or 7 changed to an occurrence form basis; if there is a change in retroactive date; or if 8 this Charter is terminated, the School must without interruption purchase an 9 extended reporting rider of not less than four (4) years.
Occurrence/Claims. Subject to reasonable commercial availability, coverage 7 shall be on an occurrence form basis. If coverage is on a claims made basis, the 8 School shall maintain a retroactive date prior to or contemporaneous with the 9 effective date of this Charter. In the event the policy is canceled, nonrenewed, or 10 changed to an occurrence form basis; if there is a change in the retroactive date; or 11 if this Charter is terminated, the School must without interruption purchase an 12 extended reporting rider of not less than four (4) years.
Occurrence/Claims. Subject to reasonable commercial availability, coverage shall be on a claims made basis, the School shall maintain, without interruption, the Errors and Omissions Insurance until three (3) y ears after termination or nonrenewal of this Contract.
Occurrence/Claims. If on a claims-made basis, the School shall maintain, without interruption, the Professional Liability Insurance until three (3) years after termination of the Charter.