An accident or loss, including continuous or repeated exposure to substantially the same general harmful conditions, that result in bodily injury or property damage
General An event that results in an insured loss In some lines of insurance, such as Liability, it is distinguished from accident in that the loss does not have to be sudden and fortuitous and can result form continuous or repeated exposure which results in bodily injury or property damage neither expected nor intended by the insured
1) In a non-insurance sense, an incident, event or happening In insurance, the term may be defined as continual, gradual or repeated exposure to an adverse condition which is neither intended nor expected to result in injury or damage, as contrasted with an accident, which is a sudden happening In reinsurance, per-occurrence coverage permits all losses arising out of one event to be aggregated instead of being handled on a risk-by-risk basis 2) One basis or determinant for calculating the amount of loss or liability in insurance or reinsurance when an aggregation of related losses is to constitute a single subject of recovery For example, in property catastrophe reinsurance treaties, occurrence is usually defined so that all losses within a specified period of time involving a particular peril are deemed an occurrence
A happening or event Liability policies are usually written on either an accident or occurrence basis For coverage on an accident basis, the loss or damage must be due to accident, whereas on an occurrence basis all that is required is the happening or the continual or repeated exposure to an unfavorable situation, neither intended nor expected to cause injury or damage In re insurance and insurance, it is also the grouping of related losses into a single loss situation
In risk management, an accident, including continuous or repeated exposure to conditions, that results in bodily injury or property damage neither expected nor intended from the standpoint of the damaged party
An event or series of events which causes Bodily Injury and/or Property Damage May include repeated or continuous exposure to the same injurious condition
An occurrence is something that happens. Complaints seemed to be an everyday occurrence The food queues have become a daily occurrence across the country
A policy written on an occurrence made basis covers any event, within policy limits, that occurred while the policy was in force regardless of when the claim is reported
An accident, including continuous or repeated exposure to substantially the same general, harmful conditions, which results in bodily injury or property damage during the policy period See also Accident
An event that results in an insured loss In some lines of insurance, such as Liability, it is distinguished from accident in that the loss does not have to be sudden and fortuitous and can result from continuous or repeated exposure which results in bodily injury or property damage neither expected nor intended by the insured (G)
An event that results in an insured loss Coverage on an "occurrence" basis is generally considered to differ from coverage on an "accident" basis in that "occurrence" connotes gradual or accumulative damage without regard to exact time or place, whereas "accident" refers to instantaneous damage, unidentifiable as to time and place In other words, "occurrence" may be defined as an event, or repeated exposure to conditions, that results in injury during the policy period
This term means an accident, including continuous or repeated exposure to conditions, which results in bodily injury or property damage neither expected nor intended from the standpoint of the insured
- An event that results in an insured loss In some lines of insurance, such as Liability, it is distinguished from accident in that the loss does not have to be sudden and fortuitous and can result from continuous or repeated exposure which results in bodily injury or property damage neither expected nor intended by the insured
Any incident or happening Usually used by insurance carriers in connection with accidents involving the policyholders The word "occurrence" is used because of the precise legal meaning of the word "accident," which an "occurrence" may or may not be
In epidemiology, a general term describing the frequency of a disease or other attribute or event in a population without distinguishing between incidence and prevalence See also incidence; prevalence
In general, an event that triggers coverage under any policy Specifically, an event that triggers coverage under an occurrence-based liability policy Such a policy covers injury or damage that occurs during the policy period even if claim is brought months or even years after the policy has expired - see Claims-made for the alternate arrangement Also see Accident
Means an accident including exposure to conditions which results during the policy period in bodily injury or property damage Repeated or continuous exposure to the same general conditions is considered to be one occurrence Occurrence does not include accidents or events which take place during the policy period which do not result in bodily injury or property damage Back
An adverse contingent accident or event neither expected nor intended from the point of view of the insured With regard to limits on occurrences, property catastrophe reinsurance agreements frequently define adverse events having a common cause and sometimes within a specified time frame, for example 72 hours, as being one occurrence This definition prevents multiple retentions and reinsurance limits from being exposed in a single catastrophe loss