How is an 'Occurrence' defined in an insurance context?

In the context of insurance, an 'Occurrence' is defined as an event that results in a loss or damage covered by the policy. This definition encompasses various situations, including accidents that lead to claims, as well as circumstances of continuous exposure to harmful conditions.

When considering the choice of an accident leading to a claim, this aligns with occurrences that are typically clear and singular in nature, such as a car crash or a slip and fall. However, occurrences can also manifest through sustained exposure to harmful conditions, such as long-term exposure to toxic substances that gradually result in negative health impacts.

Therefore, recognizing that both singular accidents and ongoing conditions can constitute an 'Occurrence' is crucial. This understanding helps in the determination of coverage and liability within insurance policies, reflecting the broad scope of potential claims an insurer might face. By selecting both aspects, the definition becomes inclusive of the different ways losses can occur, reinforcing the idea that both sudden incidents and prolonged exposures fall under the umbrella of what constitutes an insurable occurrence.