February 18, 2014

 Differences between Claims-Made and Occurrence Forms

 Summary: The commercial general liability (CGL) coverage forms, CG 00 01 04 13 and CG 00 02 04 13, offer the same coverages: bodily injury and property damage liability, personal and advertising injury liability, and medical payments. The supplementary payments offered by the two forms and the definitions that reside in the two forms are the same. But, there are differences: the trigger of coverage, some conditions, and the extended reporting periods found in the claims-made version of the CGL form. This article will highlight the differences, reproducing only those parts in the CGL form CG 00 02 that are unique to the claims-made version.