Terms starting with D

Defense Costs, as it applies to Directors and Officers (D&O) insurance, may refer to the expenses incurred by an insured (e.g. a director or officer of a company) in order...

A Deductible is a term that may refer to the amount of money a policyholder must pay out of pocket before their insurance coverage kicks in. The deductible is an...

Drop Down Coverage is a type of insurance policy that provides protection for directors and officers of an organization in the event of a negligent act or omission. The coverage...

The discovery rule, in the realm of commercial insurance, refers to a legal principle that determines the timeframe within which an insured party must discover and report an occurrence or...

Deferred acquisition cost (DAC) is the upfront expenses incurred by an insurance company during the acquisition of new insurance business. These costs include commissions, fees, and other administrative expenses associated...

Defamation, in the context of commercial insurance, refers to the act of making false statements or spreading damaging information about a person or entity that harms their reputation. It is...

A domestic insurer is a type of insurance company that is licensed and operates within a specific state. The term refers to an insurance company that is domiciled in the...

Damage to premises rented to you is a type of insurance coverage included in commercial general liability insurance. The term refers to liability protection for damage to a rented commercial...

Dividend options, a term frequently used in the context of insurance, particularly in relation to participating life insurance policies, refer to the various choices available to policyholders for receiving and...

A declaration of insurance is a document that outlines the key terms and conditions of an insurance policy, including who is insured and coverage type. Also known as the "declaration...