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What is the difference in cost between a claims-made policy and an occurrence policy?

April 26, 2017claims-made COST difference OCCURRENCE policy

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What is the difference in cost between a claims-made policy and an occurrence policy?

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The claims-made policy costs at least 35% less when you compare the cost of buying a claims-made policy and the unlimited tail against having occurrence coverage for the same period. The savings increase if you qualify for a free death, disability or retirement tail.