Question

Which kind of medical malpractice insurance policy protects the insured for incidents that occurred during the policy period but may not have been reported until after the policy expired?

Answer 1

An occurrence insurance policy protects the insured for incidents that occurred during the policy period but may not have been reported until after the policy expired.

What is insurance?

A tool for managing risks is insurance. When you get insurance, you get a defense against unanticipated monetary losses. The insurance provider compensates you or a different person of your choosing if something unfavorable occurs. The insurer and the policyholder (the person or entity who acquires the policy) have a written agreement known as an insurance policy (the insurance company). Sometimes the policyholder is not the insured. When a person or company purchases an insurance policy to defend someone else or something, they are known as the policyholder (who is the insured). When a business buys life insurance for a worker, for instance, the individual is the insured and the business is the policyholder.

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