Business insurance glossary
No insurance jargon here. We simplify common business insurance terms.
We’re on a mission to make it easier to understand business insurance terms so you can make an informed decision and get back to focusing on your business.
A – E | F – J | K – O | P – T | U – Z
[A — E]
ACORD certificate of liability insurance
Actual cash value
Adjuster
Additional insured
Admitted carrier and non-admitted carrier
Aggregate limit of liability
Bodily injury coverage
Business interruption insurance
Claimant
Claims-made policy
Coinsurance
Contractual liability insurance
Deductible
Disaster recovery plan
[F — J]
Grace period
Hold harmless agreement
Host liquor liability insurance
Indemnity insurance
Invasion of privacy
Insurtech
[K — O]
Key person insurance
Libel
Legal liability
Loss runs
Named insured
Named perils
Occurrence-based policy
[P — T]
Per claim limit
Premium
Product liability
Prior acts coverage
Public liability insurance
Replacement value
Rider
Slander
Subrogation
Tail coverage
* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.