Which type of policy would cover Ryan’s claim after a delayed injury from a malfunctioning exercise bike?

The claims-made policy is specifically designed to cover claims that are reported during the policy period, regardless of when the event that triggered the claim occurred, as long as the event is on or after the retroactive date of the policy. In the case of Ryan, if he suffered an injury from a malfunctioning exercise bike some time after the incident occurred, a claims-made policy would be able to cover that claim, provided the claim was made while the policy was active.

This kind of policy is particularly relevant in situations where injuries may manifest long after the actual incident, which aligns perfectly with delayed injuries, such as those that might arise from using defective equipment like an exercise bike. Through the claims-made approach, insurance provides the necessary coverage for Ryan, as he can report the injury within the allowed timeframe under the policy, ensuring his claim is valid and covered.

In contrast, an occurrence policy typically covers events that happen during the policy term, regardless of when the claim is filed, which may not adequately protect against delayed claims. General liability policies offer broad coverage but may not specifically cater to the nuances of delayed injuries from specific incidents without considering when the claim is reported. An auto liability policy is irrelevant in this context since it pertains to motor vehicles and would not