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 the INFORMATION BEING REQUESTED is for a CLAIMS MADE 2021-2025

Canada Professional Liability 2021-2025 Form

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Video instructions and help with filling out and completing THE INFORMATION BEING REQUESTED IS FOR A CLAIMS MADE

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Instructions and help about canada beazley professional

there's a big difference between claims-made and occurrence forms and how they react in the insurance environment an occurrence form allows you to report a claim even if you've given up the insurance policy it allows an extended reporting period whereby even if you're not insured anymore you've sold your company you've retired you don't have that policy anymore you can still go back and submit a claim as long as the trigger of the claim happened during the period that you had for on your current form claims-made works differently claims-made stops and is a very short reporting period in the inside of it and inside of the ensuring room so if you have a claims made form and let's say you decide that you you found a better policy with better coverage and better pricing but it's occurence you want to make that switch it's it's a big business advantage for you you get into the occurrence form now there is going

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