OCCUPANCY
- In insurance, this term
refers to the type and character of the use of property
in question.
OCCURRENCE - An event that results in an
insured loss. In some lines of insurance, such as
Liability, it is distinguished from accident in that the
loss does not have to be sudden and fortuitous and can
result from continuous or repeated exposure, which
results in bodily injury or property damage neither
expected nor intended by the insured.
