Terms starting with A
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...