Which type of policy might require action by the insured after certain incidents occur?

A Claims-Made policy is designed to provide coverage for claims that are made during the policy period, regardless of when the incident that caused the claim occurred, as long as the incident is reported after the policy's inception date. This type of policy typically requires the insured to notify the insurer of any claims or potential claims as they arise in order to maintain coverage.

This requirement for immediate reporting is crucial, as it allows the insurance company to manage and prepare for any claims effectively. If an incident occurs, the insured must take proactive steps, such as notifying the insurer, to ensure the claim is valid under the terms of the policy. This stands in contrast to occurrence policies that cover any claims resulting from incidents that occur during the coverage period, regardless of when the claim is made, thus requiring no further action after the incident occurs.

The comprehensive policy generally provides broad coverage but does not specifically address the nature of reporting incidents. A third-party policy is focused on liability to third parties and may not have distinct requirements tied to the insured's actions following specific incidents.