What defines the occurrence form trigger in liability insurance?

The occurrence form trigger in liability insurance is defined by the date of the injury or damage. This means that the insurance coverage is activated based on when the event that leads to a claim occurs, rather than when the claim is reported or when the policy is active.

This is significant because it provides broader protection for the insured. For example, if an injury occurred while the policy was in effect, the insurer would be responsible for covering the claim even if the claim is filed years later, as long as the incident happened during the policy period. This characteristic makes occurrence form policies particularly desirable, as they offer coverage for unforeseen claims that may arise after the policy has expired, as long as the event that caused the claim took place during the insured period.

In contrast, other options like the date the claim is filed or when the policy is issued are not relevant for the occurrence form trigger, as they focus on different aspects of insurance claims and coverage. Similarly, the date the policy is canceled does not relate to when coverage applies for claims arising from past events.