Occurrence vs Claims-Made Cover in NZ Commercial Liability

claims_made

The Underwriters will pay on behalf of any Insured Person the Loss arising from a Claim first made during the Policy Period (or Extended Reporting Period – if applicable) against such Insured Person for any Wrongful Act

mixed

the Insured first became aware of the Claim during the Policy Period; and the Claim is reported to the Underwriters in accordance with Section 5 of this Coverage Section; and the Event giving rise to the Claim occurred on or after the Retroactive Date.

claims_made

The Underwriters will indemnify the Insured for the Damages and Defence Costs resulting from any Claim first made against the Insured and notified to the Underwriters during the Policy Period for civil liability for compensation in the performance of Professional Business Services.

mixed

the Claim is first made against the Insured and notified to Underwriters during the Policy Period

claims_made

first made against the insured and notified to us during the period of insurance or within 30 days of its expiry

claims_made

you first knew, or ought to have known, of the prosecution in relation to that event, during the period of insurance, and you have advised us of the prosecution as soon as possible, but no later than 30 days after the period of insurance ends.

claims_made

any Claim: 18.2.1 first made against the Insured during the Period of Insurance; and 18.2.2 notified in writing by the Insured to QBE during the Period of Insurance; and 18.2.3 alleging civil liability, by any act, error, omission or conduct that occurred subsequent to the Retroactive Date in connection with the Insured's Professional Business Practice.

mixed

is first notified in writing to QBE by the Insured during the Period of Insurance, or within twenty-one (21) days after its expiry.

claims_made

the Claim against the Insured was first made during the Period of Insurance; and the Claim was immediately notified in writing to QBE by the Insured during the Period of Insurance or within twenty-one (21) days of expiry, time being of the essence; and the Personal Injury arose out of an event, circumstance, accident or happening which occurred subsequent to the Retroactive Date and before the expiry of the Period of Insurance.

mixed

Any Claim: first made against the Insured during the Period of Insurance; notified in writing by the Insured to QBE during the Period of Insurance; and alleging a Wrongful Act that occurred subsequent to the Retroactive Date.

mixed

this policy only covers Claims first made against You during the Policy Period and first notified to the Insurer in writing during the Policy Period. This policy does not provide cover for any Claims made against You during the Policy Period if at any time prior to the commencement of the Policy Period You became aware of facts which might give rise to those Claims being made against You.

occurrence

claims_made

This policy is a 'Claims Made and Notified' liability insurance policy. It only provides cover if: 1. Arising out of an offence that occurs during the period of insurance and is notified to us during the period of insurance; and 2. The claim arises out of an event which takes place after the retroactive date stipulated in the schedule.

claims_made

claims for damages which you shall become legally liable to pay as a result of any direct employee (including any temporary or part-time employee) of yours sustaining personal injury arising out of or in the course of their employment and which is notified to us during the period of insurance stated in the schedule or within 30 days after its expiry, or, if exercised, the extended reporting period.

claims_made

coverage under this Policy is afforded solely for financial loss resulting directly from claims first made against the insured or pre-claim events or other Extensions of Cover first occurring during the period of insurance or the extended reporting period (if applicable) and notified to us as required by Section 6 of this Policy.

claims_made

We agree to pay on behalf of each insured person all loss up to the indemnity limit arising out of any claim first: a. made against such insured person, and b. reported to us during the insurance period

occurrence

claims_made

any claim first: a. made against such insured person, and b. reported to us during the insurance period

mixed

you first become aware of the claim during the period of insurance; and the claim is notified to us during the period of insurance or within 30 days after the end of the period of insurance; and the personal injury occurred on or after the retroactive date.

mixed

any Hung Claim made against the Insured and reported to the Company during the Period of Insurance; or any Insured Claim made against the Insured and reported to the Company during the Period of Insurance where indemnity granted under the Underlying Policy has resulted in its exhaustion or partial exhaustion.