Nov 18, 2022
Small business insurance’s liability coverages are classified into two categories- claims-made and occurrence-based. Let us discuss how claims-made and occurrence-based policies differ from each other and which one you should buy.
Small business insurance’s liability coverages are classified into two categories- claims-made and occurrence-based. While most commercial liability coverages fall into occurrence type, errors and omissions policies are based on claims made. Let us discuss how claims-made and occurrence-based policies differ from each other and which one you should buy.