What type of insurance covers occurrences if a claim is made after the policy period?

The type of insurance that covers occurrences even if a claim is made after the policy period is termed "occurrence" insurance. This type of policy provides coverage for incidents that occur during the policy period, regardless of when the claim is filed. As long as the event happened while the policy was effective, the coverage remains valid, which is particularly important for situations where claimants may take time to discover or report damages.

In contrast, general insurance typically refers to a broad category that can include various types but does not specify a coverage mechanism like occurrence policies. Professional insurance is designed primarily for professionals offering services and can often include errors and omissions coverage but may have different conditions related to claims and coverage periods. Liability insurance is a more general term that encompasses various types of coverage, including both occurrence and claims-made policies, but does not specifically indicate the ability to cover claims after the policy period.

Thus, the defining characteristic of occurrence insurance is its capacity to respond to claims made long after a policy has lapsed, as long as the incident occurred during the coverage period.