An "occurrence" based policy is also known as a "claims made" policy in professional liability insurance.

Name: An "occurrence" based policy is also known as a "claims made" policy in professional liability insurance.
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An "occurrence" based policy covers claims that occur during the policy period, regardless of when the claim is made. A "claims made" policy covers claims that are made during the policy period, regardless of when the incident leading to the claim occurred.

An "Occurrence" Based Policy Is Also Known as a "Claims