Terms starting with A

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...