occurrence-based liability insurance
Insurance that covers bodily injuries or property damage suffered during the policy period.
? Each instance of injury or damage is an ¡°occurrence¡± that may trigger an insured’s entitlement to benefits. The terms of occurrence-based liability insurance policies are usu. broad, limited only by specific exclusions.
¡ª Also termed accident-based insurance.
What is the Chinese interpretation of occurrence-based liability insurance?
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