occurrence insurance policy
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insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or … Law dictionary
occurrence policy — n: an insurance policy that provides coverage for an event occurring within the policy period even if the discovery or claim is made later compare claims made policy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia
insurance — noun /ɨn.ˈʃɹ̩.ɨns,ˈɪn.ʃə.ɹɨns/ a) A means of indemnity against a future occurrence of an uncertain event. The car was totalled, but fortunately I had insurance. b) The business of providing insurance. After five years in banking, I switched to… … Wiktionary
occurrence — A coming or happening. Any incident or event, especially one that happens without being designed or expected (from e.g. standpoint of insured). Farmers & Merchants Nat. Bank v. Arrington, Tex.Civ. App., 98 S.W.2d 378, 382. Within meaning of… … Black's law dictionary
Professional liability insurance — (PLI), also called professional indemnity insurance (PII) but more commonly known as errors omissions (E O) in the US, is a form of liability insurance that helps protect professional advice and service providing individuals and companies from… … Wikipedia
Parametric insurance — is a type of insurance that does not indemnify the pure loss, but ex ante agrees to make a payment upon the occurrence of a triggering event. The triggering event is often a catastrophic natural event which may ordinarily precipitate a loss or a… … Wikipedia
Property insurance — provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance.… … Wikipedia
