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Is your current insurance policy Greek to you? Has a client demanded you have a type of coverage you've never heard of? Whenever you stumble over insurance jargon, click on this translator tool. It contains plain English definitions of hundreds of insurance terms.
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Occupational Safety and Health Act (OSHA)
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In insurance terminology, this refers to the type of business and personal property contained in the building. It is an important consideration in computing rates and determining the amount of insurance a company is willing to write on that property.
This refers to what the building is used for or the nature of its contents.
An accident occurring in the course of one’s employment and caused by inherent or related hazards.
An accident that occurs while on the job.
Impairment of health caused by continued exposure to conditions inherent in a person’s occupation.
An illness that results from a person’s place of employment or over the course of employment.
Legislation providing for minimum health and safety for individuals in the performance of their labors.
A federal statute that establishes safety and health standards on a nationwide basis.
An accident, including continuous or repeated exposure to substantially the same general, harmful conditions, that results in bodily injury or property damage during the period of an insurance policy.
An event that results in an insured loss.
Insurance of ships and their cargoes and the various liabilities involved.
Coverage for seagoing vessels and their cargoes.
A policy clause providing insurance protection on personal property while it is away from the premises named in the policy.
Coverage that protects your property while it is away from the insured premises.
This document outlines in general terms the coverages that may be afforded under a Hartford policy. All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the policy prevail. All Hartford coverages described in this document may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc.
USAA is acting as an agent through its insurance agency affiliate, USAA General Agency, Inc. or USAA Insurance Agency, Inc. The USAA Business Insurance Program offered through the agency affiliate is available only to persons eligible for USAA membership. The Hartford Fire Insurance Company and its affiliates provide the insurance for this program. All insurance applications are subject to underwriting to determine acceptability. Product availability and coverage may vary by state. Insurance descriptions are general in nature. Please refer to your policy for full disclosure of coverages, limitations and conditions.