Terms & Definitions


Accounts Receivable Coverage

Actual Cash Value Valuation (ACV)

Additional Insured

Aggregate Limits

Agreed Value (Agreed Amount) Valuation

Ammonia Contamination Coverage

Automobile Liability

Automobile Physical Damage

Blanket Insurance

Broadened All Risks Perils Coverage

Building Coverage

Building Glass Coverage

Building Ordinance Coverage

Business Income for Dependent Properties

Business Income with Extra Expense Coverage

Business Personal Property


Claims-Made Form

Coinsurance

Collision Coverage

Comprehensive Perils Coverage

Computer Fraud

Computer Virus Coverage

Contractual Liability Coverage

Debris Removal Clause

Deductible

Dies, Patterns and Molds Floater

Directors and Officers Liability

Driver Other Cars Coverage


Earthquake Coverage

Electrical Damage Coverage

Employee Benefits Liability

Employee Dishonesty

Employers Liability

Employment-Related Practices Coverage

Excess Policy

Explosion Collapse or Underground Exclusion

Extended Period of Indemnity Option

Extra Expense Coverage

Fellow Employee Coverage

Fine Arts Floater

Fire Damage Liability

First Dollar Defense

Flood Insurance

Forgery or Alteration

Functional Replacement Cost Valuation


Hired Automobile

Improvements and Betterments

Inflation Guard (Automatic Increase) Protection

Installation Floater


Mechanical Breakdown Coverage

Media Coverage

Medical Payments

Non-Owned Automobile


Occurrence Form

Ocean Marine Cargo Coverage

Off-Premises Power Interruption Coverage

Off Premises Power Services – Direct Damage

Off- Premises Power Services – Indirect Coverage

Ordinary Payroll Limitation Endorsement

Peak Season Protection

Personal Effects of owners and Employees Coverage

Personal Injury Liability

Personal Property In-Transit Coverage

Personal Property of Others Coverage

Personal Property Off-Premises Coverage

Pollutant clean-up Expense

Pollution Liability Insurance

Product Tampering/Extortion

Production Equipment Included


Rental Reimbursement

Rents Insurance

Replacement Cost Valuation

Reporting Form

Retention Limit

Salespersons Samples

Selling Price Coverage

Special Causes of Loss Coverage

Stop Gap Protection


Theft, Disappearance and Destruction Money & Securities

Towing Coverage

Transportation Floater

Umbrella Policy

Underinsured Motorist Protection

Uninsured Motorist Protection

Valuable Papers and Records Coverage

Vendors Endorsement

Waiting Period

Worldwide Coverage