A commercial insurance endorsement is known as a rider or clause and enables companies to change while offering protection. It’s an attached document that becomes part of an insurance policy, altering how the plan works. Endorsements allow policyholders to make various changes — from relocating to adding coverage — without the risk of losing coverage. For example, any changes to the boilerplate policy the carrier files with the state regulators are accomplished via an endorsement, including: Changing the business address, Adding a new line of coverage, Excluding coverage for a specific exposure.
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Terminology relating to risk management.
Easy-to-understand definitions for terms often found in commercial insurance policies
Legal terminology in everyday language.
Documents often linked to commercial insurance policies.
Intelligible terms used in finance and accounting.
Employment-related terms in commercial insurance
Terminology correlating to cybersecurity, cyber insurance and the digital space.
Alternative coverage names and terms used in commercial insurance.