Translate INSURANCE–EZE
An alliance of leaders working together for small businesses.
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.
Simply click on the first letter of the term you need defined below. Then select the word from the scrolling list. In seconds, we'll translate that term from insurance jargon into plain English.
| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
|
|
||||
|
Combination policies in which several coverages are included, all in one contract. Examples are the storekeepers’ burglary and robbery policy, homeowners’ policy, blanket crime policy, special multi-peril policy, and comprehensive business policy.
A single insurance policy that includes several coverages, one being liability.
A loss that does not completely destroy or render useless the insured property nor exhaust the insurance applied to it.
When a covered building or property is only partially damaged.
The cause of a loss insured against in a policy, e.g., fire, windstorm, explosion, etc.
A property insurance term referring to a specific cause of loss, e.g., fire, windstorm, explosion, etc.
Periodic compensations, usually weekly, for a disability that renders any employment impossible. Such compensation may be limited by a maximum time or a maximum amount. If unlimited, it may run for the lifetime of the insured.
Payments paid to a worker who will never be able to work.
Injury arising out of an offense committed during the policy period occurring in the course of the named insured's advertising activities if such injury arises out of libel, slander, defamation, violation of right of privacy, piracy, unfair competition or infringement of copyright title or slogan.
Covers legal defense costs and damages from lawsuits that claim false, malicious or misleading statements, advertisements, promotional flyers or brochures, web sites, etc.
This refers to the material, structural or operational features of the risk itself.
A condition that creates or increases the chances of a loss such as slippery floors, congested traffic, unguarded premises and uninspected boilers.
A printed document that is issued to the policyholder by the company stating the terms of the insurance contract.
A written contract of insurance.
This term is synonymous with “the insured.”
The person or company protected by an insurance contract.
The building(s) insured, containing the insured property, and any insured property immediately adjacent are considered to be the “premises.”
The building(s) and its contents that are covered under the insurance contract.
The consideration, in insurance and bonding, to be paid for a policy or bond. This term has various meanings in other businesses.
The payment, or one of the regular periodic payments, that a policyholder makes to own an insurance policy.
Provides coverage up to a specified amount or against specific perils.
A policy that provides the first limits to be used to pay for a covered loss.
Liability imposed for damages caused by accident and arising out of goods or products manufactured, sold, handled or distributed by the insured or other trading under his name. The accident must have occurred after possession of goods has been relinquished to others, and away from premises owned, rented or controlled by the insured. In the case of food products, the accident does not have to occur away from premises (restaurants, etc.).
This is the liability a merchant or manufacturer has to assume if some defect in the product sold or manufactured injures a third party or damages his/her property.
A formal statement made by the insured to the insurance company regarding a claim, so that the company may determine its liability under the policy or bond.
The written notice the insured makes to the insurance company about a claim for loss.
Protection against liability for damage to the property of another not in the care, custody and control of the insured—as distinguished from liability for bodily injury.
This kind of insurance protects insureds if they are responsible for damage to the property of others.
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.