occurrence based liability insurance

Insurance that covers bodily injuries or property damage suffered during the policy period.

• Each instance of injury or damage is an “occurrence” that may trigger an insured’s entitlement to benefits. The terms of occurrence-based liability insurance policies are usu. broad, limited only by specific exclusions.

— Also termed accident-based insurance.

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词条贡献者

法律翻译Akira，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与能源行业争议有关的法律文件。