What is the difference between Occurrence-Based versus Claims-Made Insurance policies?
CrossFit RRG offers Occurrence-Based policies. That means that your policy provides coverage for claims that occur during the policy period, regardless of when the claim is filed. You do not need continual insurance as long as the incident occurs within the policy period.
In contrast, other carriers may offer Claims-Made Insurance. That means that a claim must be submitted during the active policy period. Claims-Made policies provide coverage as long as the insured continues to pay premiums for the initial policy and any subsequent renewals. Each year that the policy is continuously renewed, the "coverage period" is extended. Claims made to the insurance company after the coverage period ends will not be covered, unless a tail coverage is purchased.