Professional and liability policies often include a claims-made coverage trigger rather than the more common occurrence coverage trigger.  This course provides a detailed look at how both claims-made and occurrence coverage triggers function and are used in professional and management liability insurance policies.

Upon completion of this course, students will be able to: 

• define the term “coverage trigger” and give an example of how one applies to a situation involving multiple policy periods.
• identify the two types of coverage triggers and distinguish between the two
• enumerate and describe the three conditions required to trigger coverage under a claims-made and reported policy that contains a retroactive date.Show how claims-made coverage triggers apply in actual claim situations
• state and explain the two major rationales for insurers’ use of claims-made coverage triggers
• analyze the major advantages and disadvantages of claims-made coverage triggers from the perspective of both the insurer and the insured
• explain how occurrence coverage triggers function, illustrate their application in a claim situation, and discuss the advantages and disadvantages they offer for both insureds and insurers