An occurrence policy covers losses that take place during the policy term, no matter when the loss is reported to the insurance company. In other words, a loss can typically be reported after a term has expired, but it has to have occurred during the policy term.
Since occurrence policies do not have limits to when losses can be reported (unlike claims-made policies), occurrence policies tend to be preferred by businessowners,
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.