What type of insurance covers all injuries and incidents that occurred while the policy was in effect, regardless of when reported?

Occurrence insurance is designed to cover all injuries and incidents that happen during the policy period, regardless of when the claim is filed. This means that if an incident occurs while the policy is active, the insurance will respond to claims made even after the policy has expired, as long as the incident took place during the coverage period.

This characteristic is essential for situations where claims might arise long after the actual event, such as in liability cases where the injury might not be apparent immediately. Consequently, the insured party can have peace of mind knowing that past incidents are still covered under the terms of the policy that was active at the time of the occurrence.

Other types of insurance, like claims-made insurance, only cover claims that are made during the policy period, which can lead to gaps in coverage if incidents arise outside that timeframe. Liability insurance provides protection against claims made for injuries and damages to third parties, but it does not specify the timeframe of incidents covered. Professional indemnity insurance is specifically tailored to protect professionals against claims of negligence or inadequate work but is also subject to specific reporting requirements.