Terms starting with A
Agent of Record is a term used in the insurance industry to refer to an individual or entity that has been designated to service and manage the insurance policy of...
Accounts receivable coverage, may refer to a type of business insurance coverage that protects a company from losses that may result from a customer's inability to pay for goods or...
Actual Cash Value (ACV) may refer to the fair market value of an item or property that has been lost, destroyed, or damaged. This fair market value includes depreciation and...
Anti-Stacking Provisions (Endorsement) definition may refer to a provision in an insurance policy that limits the amount of coverage that a policyholder can receive from multiple policies. This provision is...
Additional Insured is a term that may refer to an individual or entity that is insured under an insurance policy in addition to another insured. This means that the additional...
Administrative services only (ASO) is a term that may refer to a type of insurance arrangement. In an ASO plan, the insurer provides administrative services only and does not assume...
Anti-Stacking Provisions (Endorsement) definition may refer to a provision in an insurance policy that limits the amount of coverage that a policyholder can receive from multiple policies. This provision is...
Ageism is a term that may refer to discrimination against a person based on their age. Ageism is an attitude or behavior that is based on prejudice and stereotypes about...
Additional Living Expense Coverage, also known as ALE coverage or Loss of Use coverage, may refer to a type of insurance coverage that reimburses policyholders for necessary and reasonable increases...
Advertising Injury may refer to an area of insurance coverage that is part of most general liability policies. It covers injury to a third party arising out of a business's...
Auto Coverage Symbols may refer to the codes used to indicate the types of coverage included in an auto insurance policy. These symbols are used to identify the types of...
The term Aggregate Limit may refer to the maximum amount of financial protection that a Directors and Officers (D&O) insurance policy will provide for all claims made against a policyholder...
Allocation is a term that may refer to the process of distributing resources, goods, or services between individuals or entities. In the realm of Directors and Officers (D&O) insurance, allocation...
Aggregate insurance, in the realm of commercial insurance, refers to a type of coverage that protects businesses from financial losses resulting from multiple claims or occurrences during a specified period....
An automatic premium loan (APL) is a provision found in certain insurance policies. It allows the insurer to automatically borrow money from the policy's value to pay outstanding premium payments....
Associate in Risk Management (ARM) is a professional designation for individuals in the insurance and risk management industry. The definition of Associate in Risk Management refers to a certification program...
Asset risk, a vital concept in the realm of finance and insurance, refers to the potential for financial loss or unfavorable fluctuations in the value of assets held by an...
Attachment point is a term commonly used in the insurance industry to refer to the threshold at which an insurance policy begins to provide coverage for a loss. The attachment...
All-risk coverage is another name for general liability insurance. It’s a policy that covers a wide range of risks, except for those expressly excluded within the policy. All-risk coverage provides...
Aggregate limit of liability is a term used in the insurance industry that may refer to a policy provision that limits the total amount an insurance company must pay during...
The actual loss sustained may refer to the total economic damage sustained due to an incident or event. It is the complete and total amount of a loss as opposed...