An occurrence policy provides ongoing insurance protection for events that occur during the policy period, even if they are reported after the policy is cancelled.
Occurrence policies are generally more expensive, but it is not necessary to buy supplemental coverage like tail or prior acts coverage after an occurrence policy expires.
Occurrence policies are available with the following limits.
Each claim / All claims
$100,000 / $300,000
$200,000 / $600,000
$500,000 / $1 million
$1 million / $3 million