Which element is essential in establishing coverage under an occurrence-based policy?

An occurrence-based policy provides coverage for incidents that occur during the policy period, regardless of when the claim is made. To establish coverage under such a policy, it is crucial to document continuous exposure to risk. This means that there must be evidence showing that the events leading to a claim happened during the duration of the policy and demonstrate that an occurrence took place while coverage was active.

This continuous exposure is central because it reinforces the concept that the insurer agreed to cover any incidents that arise from ongoing activities or risks during the policy term. It ensures that there is a connection between the insured's activities and the resulting claims. Thus, the emphasis on continuous documentation helps in validating claims when they arise, solidifying the insurer's obligation to provide coverage based on the occurrence principle inherent in such policies.