What does an occurrence basis policy provide coverage for?

An occurrence basis policy provides coverage for damage that arises from continuous and repeated exposures to similar harmful conditions, regardless of when the incident takes place, as long as the damage occurs during the policy period. This means that any claims based on events that result in harm or damage, even if they happen over a period of time or if the actual event causing the injury occurred earlier, can still be covered. This is crucial in scenarios like environmental damage or chronic exposure to harmful substances, where the effects may not be immediately apparent.

The focus on continuous and repeated exposures highlights the policy's provision for broader coverage than a one-time specific incident would offer. Instead of limiting coverage to single events or intentional harm, it recognizes the cumulative impact of ongoing conditions that can cause damage over time.