Claims Made vs. Occurrence Forms?

A clear understanding of both types of coverage is crucial in making an informed decision on which type of coverage to buy.  When one coverage is recommended over the other, in certain situations, it is not a matter of what is recommend but what the markets will allow.  For certain types and kinds of coverage a claims-made form is the industry norm.  It could include the following coverage:

• Directors & Officer Liability
• Employment Practices Liability Fiduciary Liability
• Employee Benefits Liability

These are examples of some types of coverage that are predominately written on a claims-made form.  That being said, Professional Liability, Sexual Abuse Liability and to a lesser degree, General Liability coverage may at times be written on a claims made form.

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