What does an occurrence form provide coverage for?

An occurrence form is designed to provide coverage for incidents that happen during the policy period and can lead to claims that may be reported after the policy period has ended. This is a crucial aspect of occurrence-based coverage, as it emphasizes the importance of when the incident took place as opposed to when the claim is filed.

In practice, this means that if an incident occurs while the policy is active, the insurer is liable for claims resulting from that incident, regardless of when the claimant decides to report the claim. This offers significant protection to insured parties, as they can have peace of mind knowing that they are covered for damages incurred during the policy term, even if the claim is made later.

While the other options refer to specific scenarios that involve timing, they do not align with the key principle of an occurrence form, which is about the timing of the incident itself rather than the timing of the claim reporting or the policy term itself.