occurrence-based liability insurance

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.


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.