Commercial Insurance Dictionary. Property insurance provides coverage for property that is stolen, damaged, or destroyed by a covered peril. The dictionary of insurance presents words and expressions that are found in common use in the property and casualty insurance industry.
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These definitions represent a common use of the commercial insurance definition or term. [noun] the business of insuring persons or property. Insurance — a contractual relationship that exists when one party (the insurer) for a consideration (the premium) agrees to reimburse another party (the insured) for loss to a specified subject (the risk) caused by designated contingencies (hazards or perils).
Insurance That Protects Businesses Against Losses As A Result Of Such Things As Damage To Property….
Property insurance and casualty insurance. Commercial property insurance and homeowners’ insurance are two examples of property insurance. The 6 types of business insurance many companies don't realize they need.
Insurance — A Contractual Relationship That Exists When One Party (The Insurer) For A Consideration (The Premium) Agrees To Reimburse Another Party (The Insured) For Loss To A Specified Subject (The Risk) Caused By Designated Contingencies (Hazards Or Perils).
The sum for which something is insured. Glossary of commercial insurance terms commercial insurance is divided into two main categories: Show all (85)most common (0)technology (11)government & military (19)science & medicine (17)business (28)organizations (37)slang / jargon (6) acronym definition cig cloud imperium games (los angeles, ca) cig chief inspector general (florida) cig ceiling (height above ground level to base of clouds) cig commercial insurance group.
A General Term For An Auto Policy That Is Designed For The Use Of A Business Rather Than A Personal Vehicle Policy.
Workers’ compensation insurance protects your business from medical bills due to work. [noun] the business of insuring persons or property. The definitions in this glossary are developed by the naic research and actuarial department staff based on various insurance references.
This Page Provides A Glossary Of Insurance Terms And Definitions That Are Commonly Used In The Insurance Business.
(1) the amount of capital available to an insurance company or to the industry as a whole for underwriting general insurance coverage or coverage for specific perils. You know your business needs insurance.you’ve probably discussed the need for property coverage for any buildings or contents and the need for general liability in. Commercial health insurance is a type of health insurance that covers medical expenses and disability income for the insured.
Coverage By Contract Whereby One Party Undertakes To Indemnify Or Guarantee Another Against Loss By A Specified Contingency Or Peril.
Insurance synonyms, insurance pronunciation, insurance translation, english dictionary definition of insurance. The act, business, or system of insuring. This page provides a glossary of insurance terms and definitions that we use in our small business insurance faqs.
