Archive for Miscellaneous
Claims-made to Occurrence Coverage
These policies are used when a clientâ€™s coverage is moving from a claims-made basis to an occurrence basis. Policies may be tailored to provide coverage for: (1) a specified period of time retroactively, such as 12, 24, or 36 months; (2) complete occurrence coverage back to the original claims-made effective date; or (3) an ongoing occurrence form that includes coverage for all prior acts. Another way to ease the transition back to “occurrence” coverage is by using policies that extend the discovery period of the non-renewed “claims-made” form for a specified number of years or even indefinitely.