Occurrence Basis. The Workers’ Compensation Policy and the Commercial General Liability required by this Agreement shall be provided on an occurrence rather than a claims-made basis.
Occurrence Basis. The CONTRACTOR's insurances shall be on an occurrence basis as opposed to a claims-made basis. In other words, claims which occur during the policy period can be reported months or years later and still be paid, if they occur during the policy period. Claims-made policies cover only claims which occur and are made during the policy period. In the event occurrence based insurance is not available, use of claims-made insurance may be considered acceptable in limited circumstances, subject to written approval by the Risk Manager.
Occurrence Basis. The Workers’ Compensation policy, the Commercial General Liability and the Umbrella policy required by this Agreement shall be provided on an occurrence rather than a claims-made basis. The Professional Liability insurance policy may be on an occurrence basis or claims-made basis. If a claims-made basis, the coverage must respond to all claims reported within three (3) years following the period for which coverage is required and which would have been covered had the coverage been on an occurrence basis.
Occurrence Basis. All policies (except Professional Liability and Fidelity) shall be written on an Occurrence (not Claims-Made) basis.
Occurrence Basis. All coverage required under this Section must be written on an occurrence basis, unless such coverage can only be procured on a claims-made basis, in which event the coverage shall remain in effect for a period of not less than three years after the termination or expiration of the applicable Project Agreement or provide a three year extended reporting period (tail coverage).