What is the difference between Claims-Made and Occurrence Coverage?

NCMIC offers both an occurrence and claims-made policy. There is no difference in the kind of injury or damage covered; the difference is how and when coverage is triggered.

Occurrence – Provides coverage for claims of alleged incidents that occur while your policy is active. The claim can be reported at any time in the future, even if the policy has cancelled. Coverage is available at the limits of liability, terms and conditions in effect at the time of the alleged incident.

Claims-Made – Provides coverage for claims of alleged incidents that both occur and are reported on or after the retroactive date and before the policy terminates. (The retroactive date is the first day claims-made coverage begins.)

Claims-made coverage is triggered when:

  1. The alleged incident occurs on or after the policy's retroactive date and before the policy terminates, and
  2. A written claim is reported during the current policy period or during the basic reporting extension period 30-60 days following termination of your policy.

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The NCMIC Malpractice Insurance Plan is underwritten by NCMIC Insurance Company. In the states of Florida and New York, the NCMIC Malpractice Insurance Plan is issued by NCMIC Risk Retention Group, Inc.

The terms and conditions of NCMIC's Malpractice Insurance Plan are fully explained in the policy. Policy features vary by state and may be subject to underwriting approval. For details, view this pdf.