In the context of liability insurance, the "occurrence" coverage form typically covers which type of incident?

The "occurrence" coverage form in liability insurance is designed to provide coverage for incidents that occur during the policy period, regardless of when a claim is reported. This means that if an event happens during the time the insurance policy is in effect, it will be covered even if the claim is made later, as long as the event occurred after the policy was in force.

For instance, if a liability event takes place while the policy is active, such as an accident or injury, that event is covered even if the actual claim is reported days, months, or even years later. This distinguishes "occurrence" coverage from "claims-made" policies, which only cover claims reported during the policy period.

Incidents that occurred before the policy term generally would not be covered under the occurrence policy, as those incidents were not under the coverage of the policy. Similarly, coverage does not solely apply to incidents occurring after the policy is purchased, because it must be within the policy period. Finally, while accidents identified within a reporting period might relate to claims-made policies, the occurrence policy is not structured in that way, as it focuses on events rather than the timing of reporting claims.

Thus, the correct understanding of "occurrence" coverage is that it broadly