Occurrence Coverage for Chiropractors
This type of policy provides coverage for the policy year, regardless of when the claim is reported.
Say you had occurrence coverage from January 2019 through December of 2019, but let your occurrence coverage lapse beginning in January 2020. In February 2020, you receive a claim for an incident that occurred in August 2019. Even though you didn’t have occurrence coverage when the claim was officially filed, you’re covered because the incident happened when you did have active coverage.
Occurrence and Claims-Made
There is no difference in the kind of injury or damage covered; the difference is how and when coverage is triggered.