We’re on a mission to make it easier to understand business insurance terms so you can make an informed decision and get back to focusing on your business.
A – E | F – J | K – O | P – T | U – Z
[A — E]
ACORD certificate of liability insurance
Actual cash value
Adjuster
Additional insured
Admitted carrier and non-admitted carrier
Advertising injury
Aggregate limit of liability
Assessed value
Bailee insurance
Blanket insurance
Bodily injury liability
Business insurance limits
Business interruption insurance
Care custody and control
Claimant
Claims-made policy
Coinsurance
Commercial insurance
Continuity date
Contractual liability insurance
Cyber extortion
Data breach insurance
Declarations page
Decline
Deductible
Direct Liability
Directors and Officers Liability Insurance (D&O)
Equipment breakdown coverage
Exclusive remedy
Extended reporting period (ERP)
[F — J]
Grace period
Hold harmless agreement
Host liquor liability insurance
Independent contractor
In force
Insurance appraisal
Insurance adjuster
Insurance agent
Insurance arbitration
Insurance broker
Insurance claim
Insurance depreciation
Insurance endorsement
Insurance exclusion
Insurance quote
Insured
Invasion of privacy
Insurtech
[K — O]
Key person insurance
Lessors risk
Liable
Libel
Legal liability insurance
Loss payee
Loss runs
Microbusiness
Minimum earned premium
Named insured
Named perils
Nose coverage
Occurrence-based policy
Open peril policy
[P — T]
Per claim limit
Premium
Premium audit
Products completed operations
Product liability
Professional indemnity insurance
Proof of loss
Property and casualty insurance
Property damage
Prior acts coverage
Public liability insurance
Qualifying event for insurance
Repetitive stress injury
Replacement value
Reputational risk
Rider
Risk retention
S corp
Scheduled rating
Self employed
Self insured
Slander
Sole proprietorship
Standard of care
State compensation insurance fund
Stop gap coverage
Strict liability
Sublimit
Subrogation
Tail coverage
Third-party cyber liability
Tort
Tort liability
Tortfeasor
Triple net lease
[U — Z]
Underwriting
Unilateral contract
Vicarious liability
Waiver of subrogation
Workers’ compensation class codes
