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

双语律师Shifang，知名法学院法律专业，擅长翻译各类与企业改组和重组相关的法律文件。