Occurrence coverage definition

Occurrence coverage means an insurance policy that provides liability coverage only for injury or damage that occurs during the policy term, regardless of when the claim is actually made. A claim made in the current policy year could be charged against a prior policy year, or may not be covered, if it arises from an occurrence prior to the effective date.
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Occurrence coverage means an insurance coverage that provides liability coverage only for injury or damage that occurs during the Coverage Form term, regardless of when the "claim" is actually made. A "claim" made in the current Coverage Form year of an occurrence Coverage Form could be charged against a prior Coverage Form year, or may not be covered, if it arises from an occurrence prior to the effective date.
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Occurrence coverage means coverage for acts that occur during a coverage period.
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Examples of Occurrence coverage in a sentence

  • Occurrence coverage is preferred but coverage may be provided on a claims-made form that includes a three-year tail coverage endorsement.

  • This insurance must be Occurrence coverage; policies in the Claims Made format are not acceptable.

  • Please contact your agent should you have any questions pertaining to the differences between Claims-Made and Occurrence coverage.

  • ARTICLE 30 - INSURANCE Before the Contractor becomes entitled to any rights under this contract and prior to taking any action under this contract, Contractor shall have a Certificate of Insurance for Contractor's in-force insurances issued to the owner for the following policies and limits MINIMUM COVERAGE AMOUNT *Occurrence coverage is required.

  • Please contact your agent should you have any questions pertaining to the differences between Claims- Made and Occurrence coverage or the additional expense associated with “extension contract” or “tail coverage”.

  • Occurrence coverage is preferred but coverage may be provided on a claims-made form that includes a three year tail coverage endorsement.

  • The Contractor shall purchase and maintain Commercial General Liability (Occurrence coverage), to include bodily injury, personal injury, and property damage, with combined single limits of $1,000,000 per occurrence and $2,000,000 per aggregate per year to cover such claims as may be caused by any act, omission, or negligence of the Contractor or its officers, agents, employees, representatives, assigns, or subcontractors.

  • Tenant’s General Liability insurance shall be written on an industry standard Commercial General Liability Occurrence coverage form (CG 00 01) (“CGL”) form, and shall provide insurance for personal injury, bodily injury and property damage liability to include the following usual coverages: (i) premises and operations; (ii) products and completed operations; (iii) blanket contractual liability; (iv) broad form property damage; and, (v) fire damage liability.

  • The insurance coverage required under this Agreement must be Occurrence coverage and maintained by each Vendor for a minimum period of five (5) years following any purchase by Kroger or as long as the Products are still held by Kroger for resale or use, whichever is longer.

  • Occurrence coverage $1,300,000 per occurrence General Aggregate $3,900,000 Professional liability insurance coverage shall provide “occurrence” coverage; provided however if such coverage is “claims made” coverage, it must include tail coverage for at least two and one-half (2 ½) years after this Agreement terminates or expires.


More Definitions of Occurrence coverage

Occurrence coverage means coverage for acts or omis- sions occurring during the period in which a self−insured plan is in effect.
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Occurrence coverage means the coverage of claims arising from incidents occurring during the policy period, regardless of when claims relating to such incidents are made.
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Occurrence coverage. Where the basis of the coverage is Occurrence Coverage as stated within the Schedule (Occurrence Converge), this insurance shall apply in respect of Damages occurring during the Period of Insurance (as mentioned in the Schedule).
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Occurrence coverage means malpractice liability insurance for medical malpractice that occurs during the policy term, regardless of when the claim was reported;
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Occurrence coverage means you are covered even if the suit is filed years after the lease agreement ends, given that the injury occurred during the term of your lease or the term in which you have selected coverage under this policy and provided that you are in compliance with your lease agreement at the time of the accident
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Occurrence coverage means, per InsWeb Insurance glossary, a policy form providing liability coverage only for injury or damage that occurs during the policy period, regardless of when the claim is actually made. For example, a claim made in the current policy year could be charged against a prior policy period, or may not be covered, if it arises from an occurrence prior to the effective date. Contrast with Claims-Made Coverage.
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Related to Occurrence coverage

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Site Coverage means ratio expressed in percentage between the area covered by the ground floor of building and the area of the site;

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Incurrence Covenant means a covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) only upon the occurrence of certain actions of the borrower, including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Continuous period of creditable coverage means the period during which an individual was covered by creditable coverage, if during the period of the coverage the individual had no breaks in coverage greater than sixty-three (63) days.

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Face covering means a tightly woven fabric or non-woven material with no visible holes or openings, which covers the nose and mouth.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Coverage Test means each of the Class A/B Par Value Test, the Class A/B Interest Coverage Test, the Class C Par Value Test, the Class C Interest Coverage Test, the Class D Par Value Test, the Class D Interest Coverage Test, the Class E Par Value Test and the Class E Interest Coverage Test.

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test.

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.