Reveal Hidden Secrets in Claims vs Occurrence Policies

Choosing the Right Policy for You

Selecting between claims-made and occurrence policies depends on various factors, including your industry, risk profile, and financial strategy. Professionals in fields with long-tail liabilities, such as healthcare or legal services, might prefer occurrence policies for their comprehensive protection. Conversely, businesses with stable, predictable risks might opt for claims-made policies to manage costs effectively. By evaluating your specific needs, you can make a choice that aligns with your risk management goals.