Glossary Terms
Business insurance uses many terms, acronyms, and jargon. Here you'll find explanations for the most commonly used terms related to business insurance.
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What are Endorsements?
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The Meaning of "Coverage Territory"
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Business Policies Cover Four Types of Claims
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Insurance Binders - What are They?
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What Is an Insurance Exclusion?
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What Does the Insurance Services Office (ISO) Do?
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Can Your Insurer Cancel Your Policy?
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Insurance Conditions are Rules of the Policy
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What Is an Occurrence in a General Liability Policy?
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When Does an Agreement Become a Legal Contract?
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What Counts as Bodily Injury Under Most Insurance Policies?
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Difference Between Comparative and Contributory Negligence
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What's Vicarious Liability?
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What Does Property Damage Mean?
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What is Insurable Interest and What Does It Mean to Your Property?
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How an Occurrence Policy Differs From a Claims-Made Policy
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What is the Meaning of Subrogation?
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What Does Concurrent Causation Mean?
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