Terms & Definitions
Business Income with Extra Expense - asdfasdfasdfasdfasdfasdfasdfasdfasdfasd asdfasdfasdf asdfasdfasd asdfasdfasd asdfasdfasd asdfasdf
PROPERTY RELATED
Hammer Clause -
Hammer Clause -
Hammer Clause -
First Party - .
Certificate of Insurance -
Loss Exposure - A con
Loss Exposure - A conditis
AUTO RELATED
Non-Owned Auto.
Replacement Cost -
LIABILITY RELATED
Hammer Clause -
Hammer Clause -
Hammer Clause -
Third Party -
Loss Exposure - A condition that represents the possibility a person or organization will experience a loss, to something a person or organization has a financial intersest in and can result from, amongst other things, property damage, loss of key personnel, net income reduction or a claim made against a person or organization for financial damages
Loss Exposure - A condition s
Commercial Package Policy (CPP) -
Third list item. Add your own content here or connect to data from your collection.
Actual Cash Value (ACV)
Hammer Clause - A provision requiring an insurer to seek an insured's approval prior to settling a claim for a specific amount. If, upon approval request, the insured does not approve the recommendation, the hammer - aka consent to settlement clause - states the insurer will not be liable for any additional defense costs that accrue from the point of the settlement recommendation or for additional funds required to settle the claim after that point
Hammer Clause -
Hammer Clause -
Hammer Clause -
Businessowners Policy (BOP) - Multiline/package policy that includes most property and liability coverages small and midsize businesses need. Can be thought of similarly to a homeowners policy with largely standard coverages and simplified rating; packaging to provide economy in process, forms, services, etc. can mean lower cost.
Coinsurance - A s
Loss Exposure - A co
GENERAL
Hired Auto -