Insurance GlossaryThere are 4 entries in this glossary.
An event that results in an insured loss. In some lines of business, such as liability, an occurrence is distinguished from accident in that the loss doesn't have to be sudden and fortuitous and can result from continuous or repeated exposure which results in bodily injury or property damage neither expected not intended by the insured.
A predetermined amount of money that an individual must pay before insurance will pay 100% for an individual's health-care expenses.
Insurance contract provision that allows policyholders to collect benefits if they can no longer work in their own occupation.