What’s the difference between Claims Made and Claims Occurred?

‘Claims occurred’ policies covers claims that have occurred during a period of cover even if the claim Is made after the cover has expired or cancelled.

‘Claims made’ policies provide cover for claims made against you and reported to the insurer during the policy period only. Claims notified after the expiry of this period – for example if the policy has not been renewed or if you have moved to another insurer – will not be covered unless the new insurer agrees to provide cover for these historic years (Known as Retroactive cover).