Venture Insurance Glossary - Terms starting with ‘O’ - Venture Insurance Services

	Insurance terms glossary.
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Occurrence Policy: "A liability policy for claims arising out of incidents that occur during the policy period, regardless of whether the policy is still in effect at the time the claim is made." More…
occurrence trigger: "Under an occurrence policy, coverage is invoked or triggered if a loss occurs during the policy period. Liability is assigned to the policy in force at the time of a covered loss, More…
OCP: "Owners and contractors protective liability (OCP) coverage was designed (1) to protect an owner who could be drawn into a suit because a contractor, hired by the owner, causes a third More…
OTC / Other Than Collision: "Other Than Collision, also known as Comprehensive coverage, a type of physical damage coverage. Other Than Collision is an optional physical damage coverage which helps protect your More…

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