Which type of liability insurance responds only to claims made during the policy period?

Claims-Made Coverage is a specific type of liability insurance that provides coverage for claims only if they are made during the policy period. This means that for an event that may have occurred in the past to be covered, the claim related to that event must be submitted within the time frame of the active policy.

This type of coverage is particularly relevant for professional liability insurance, such as errors and omissions insurance, where it is essential that claims are reported during the specified coverage period to ensure that the insurer is responsible for the costs associated with defending and settling those claims.

In contrast, Occurrence Coverage provides coverage for incidents that occur during the policy period, regardless of when the claim is reported. General Liability Coverage may also have occurrence or claims-made formats, but it is important to note that the term “general” applies to various types of liability, making it too broad for this specific question. Excess Liability Coverage serves to provide additional limits over an underlying policy, but it does not inherently determine when claims must be made.

Thus, Claims-Made Coverage is the correct response as it directly addresses the condition that claims must be made during the policy period to be eligible for coverage.