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Author: Mike Reilly

Virtually all liability insurance policies require insureds to give notice of an occurrence promptly (or as soon as practical). When an actual claim is made or a lawsuit is filed, the notice requirements become even more important. Furthermore, the reporting requirements can be different depending on whether the liability policy is written on an occurrence basis or a claims-made basis. The following article will elaborate on the two policy types and outline the important differences in those requirements.

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