Occurrence coverage definition

Occurrence coverage means coverage for acts that occur during a coverage period.
Sample 1Sample 2Sample 3
Occurrence coverage means an insurance coverage that provides liability coverage only for injury or damage that occurs during the Coverage Form term, regardless of when the "claim" is actually made. A "claim" made in the current Coverage Form year of an occurrence Coverage Form could be charged against a prior Coverage Form year, or may not be covered, if it arises from an occurrence prior to the effective date.
Sample 1Sample 2Sample 3
Occurrence coverage means an insurance policy that provides liability coverage only for injury or damage that occurs during the policy term, regardless of when the claim is actually made. A claim made in the current policy year could be charged against a prior policy year, or may not be covered, if it arises from an occurrence prior to the effective date.
Sample 1Sample 2Sample 3

Examples of Occurrence coverage in a sentence

  • Occurrence coverage is preferred but coverage may be provided on a claims-made form that includes a three-year tail coverage endorsement.

  • This insurance must be Occurrence coverage; policies in the Claims Made format are not acceptable.

  • Please contact your agent should you have any questions pertaining to the differences between Claims-Made and Occurrence coverage.

  • ARTICLE 30 - INSURANCE Before the Contractor becomes entitled to any rights under this contract and prior to taking any action under this contract, Contractor shall have a Certificate of Insurance for Contractor's in-force insurances issued to the owner for the following policies and limits MINIMUM COVERAGE AMOUNT *Occurrence coverage is required.

  • Please contact your agent should you have any questions pertaining to the differences between Claims- Made and Occurrence coverage or the additional expense associated with “extension contract” or “tail coverage”.

  • Occurrence coverage is preferred but coverage may be provided on a claims-made form that includes a three year tail coverage endorsement.

  • The Contractor shall purchase and maintain Commercial General Liability (Occurrence coverage), to include bodily injury, personal injury, and property damage, with combined single limits of $1,000,000 per occurrence and $2,000,000 per aggregate per year to cover such claims as may be caused by any act, omission, or negligence of the Contractor or its officers, agents, employees, representatives, assigns, or subcontractors.

  • Tenant’s General Liability insurance shall be written on an industry standard Commercial General Liability Occurrence coverage form (CG 00 01) (“CGL”) form, and shall provide insurance for personal injury, bodily injury and property damage liability to include the following usual coverages: (i) premises and operations; (ii) products and completed operations; (iii) blanket contractual liability; (iv) broad form property damage; and, (v) fire damage liability.

  • The insurance coverage required under this Agreement must be Occurrence coverage and maintained by each Vendor for a minimum period of five (5) years following any purchase by Kroger or as long as the Products are still held by Kroger for resale or use, whichever is longer.

  • The requirements and instructions for submitting your documents are listed below: You do not need the same insurance for state and local facilities. All insurance must be written on an “occurrence” basis and not a “claims-made” basis. Occurrence coverage is insurance that provides coverage for the act/accident when it occurs - regardless of when it is reported.


More Definitions of Occurrence coverage

Occurrence coverage means coverage for acts or omis- sions occurring during the period in which a self−insured plan is in effect.
Sample 1Sample 2Sample 3
Occurrence coverage means the coverage of claims arising from incidents occurring during the policy period, regardless of when claims relating to such incidents are made.
Sample 1Sample 2
Occurrence coverage means, per InsWeb Insurance glossary, a policy form providing liability coverage only for injury or damage that occurs during the policy period, regardless of when the claim is actually made. For example, a claim made in the current policy year could be charged against a prior policy period, or may not be covered, if it arises from an occurrence prior to the effective date. Contrast with Claims-Made Coverage.
Sample 1
Occurrence coverage means you are covered even if the suit is filed years after the lease agreement ends, given that the injury occurred during the term of your lease or the term in which you have selected coverage under this policy and provided that you are in compliance with your lease agreement at the time of the accident
Sample 1
Occurrence coverage. Where the basis of the coverage is Occurrence Coverage as stated within the Schedule (Occurrence Converge), this insurance shall apply in respect of Damages occurring during the Period of Insurance (as mentioned in the Schedule).
Sample 1

Related to Occurrence coverage

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Site Coverage means ratio expressed in percentage between the area covered by the ground floor of building and the area of the site;

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.

  • Incurrence Covenant means a covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) only upon the occurrence of certain actions of the borrower, including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.

  • Continuous period of creditable coverage means the period during which an individual was covered by creditable coverage, if during the period of the coverage the individual had no breaks in coverage greater than sixty-three (63) days.

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Special Hazard Coverage Termination Date The point in time at which the Special Hazard Loss Coverage Amount is reduced to zero.

  • Fraud Loss Coverage Termination Date The point in time at which the Fraud Loss Coverage Amount is reduced to zero.

  • Asset Coverage Test has the meaning given to it in Schedule 2 of the Guarantor Agreement;

  • Face covering means a tightly woven fabric or non-woven material with no visible holes or openings, which covers the nose and mouth.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Asset Coverage Cure Date means, with respect to the failure by the Fund to maintain Asset Coverage as of the close of business on a Business Day (as required by Section 2.4(a)), the date that is thirty (30) calendar days following such Business Day.

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Fraud Loss Coverage Amount As of the Closing Date, $2,500,000, subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows: (a) on the first, second, third and fourth anniversaries of the Cut-off Date, to an amount equal to the lesser of (i) 1.00% of the then current Stated Principal Balance of the Mortgage Loans in the case of the first and second anniversaries and 0.50% of the then-current Stated Principal Balance of the Mortgage Loans in the case of the third and fourth such anniversaries and (ii) the excess of the Fraud Loss Coverage Amount as of the preceding anniversary of the Cut-off Date over the cumulative amount of Fraud Losses allocated to the Certificates since such preceding anniversary; and (b) on the fifth anniversary of the Cut-off Date, to zero.

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $10,348,874. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Coverage Term All insurance required herein shall be maintained in full force and effect until Work required to be performed under the terms of the Contract are satisfactorily completed and formally accepted; failure to do so may constitute a material breach of this Contract, at the sole discretion of the TOWN. In the event any insurance policy(ies) required by this contract is(are) written on a “claims made” basis, coverage shall extend for two(2) years past completion and acceptance of the CONTRACTOR’s work or services, as evidenced by annual Certificates of Insurance.

  • Coverage Test means each of the Class A/B Par Value Test, the Class A/B Interest Coverage Test, the Class C Par Value Test, the Class C Interest Coverage Test, the Class D Par Value Test, the Class D Interest Coverage Test, the Class E Par Value Test and the Class E Interest Coverage Test.

  • Asset Coverage means “asset coverage” of a class of senior security which is a stock, as defined for purposes of Section 18(h) of the 1940 Act as in effect on the date hereof, determined on the basis of values calculated as of a time within 48 hours (only including Business Days) next preceding the time of such determination.

  • Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test.

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.