Claims Occurred Vs Claims Made cover
We offer Sports Liability Insurance on a claims occurred basis, which means you’re covered irrespective of whether the policy is in force at the time of the claim.
So… what does this mean, - those that have insurance on a claims made wording will find that if a claim is notified after the policy expiry date they will not be covered even if the alleged incident occurred during the period of cover. A claims made policy must be in force for both when the incident occurred and the time of the claim.
Claims on Sports Liability Insurance can come to light years after an insurance has expired, it’s important to ensure that your insurance policy will cover you if a claim comes to light some years after an incident.
Claims Occurred wordings
Our insurance policies are on a claims occurred basis, this simply means that we will cover claims for incidents that have taken place during an insured period no matter when the claim is filed. This protects our customers should a claim be made outside of the insured period.
To help those who want to move away from a claims made cover, we can offer retroactive insurance. The purpose of which is to cover the period prior to taking out an insurance policy with us. This ensures that if a claim is made for an incident which occurred during the time you had claims made policy we will retrospectively cover the claim under your new claims occurring wording, thus removing the risk of not being covered.
For more information about this topic or any other aspects of our insurance – contact us