Terms starting with O

Occurrence is a term that may refer to a specific event, happening, or circumstance. It can be used to refer to an event that has already taken place or an...

Obligee Insurance is a type of insurance that is used to protect the interests of those who are legally obligated to perform certain duties, or to fulfill certain obligations. It...

Ownership Clause is a legal term that is used in a variety of insurance policies and agreements. It is a clause that outlines the rights and responsibilities of the policy...

Overriding Commission is a term that may refer to a commission on sales, or a commission on the sales of another agent or broker. In insurance, it is a commission...

Optionally Renewable may refer to a type of insurance policy which allows the policyholder to choose whether or not to renew their policy at the end of the term. This...

Open Lot is a term that may refer to a specific type of insurance coverage for businesses that have an open lot, meaning a place of business with an open...

Obfuscate Source Code may refer to the process of concealing or obscuring the meaning of source code in order to prevent others from understanding the code. This can be done...

Occurrence Trigger may refer to the type of insurance policy trigger used to determine when coverage begins and ends. It is used in Directors and Officers (D&O) insurance, which provides...

Outside Directorship Liability (ODL) may refer to a type of insurance policy designed to protect directors and officers of a company from liability arising from their activities as a director....

Open peril, in the realm of commercial insurance, refers to a coverage approach that provides protection against all perils or risks except those specifically excluded in the insurance policy. It...

Ordinance or law coverage, in the realm of commercial insurance, refers to a type of insurance protection that helps businesses mitigate the financial impact of complying with building codes, regulations,...

An “other insurance clause” is a provision in an insurance policy that addresses how coverage will apply if the insured party has multiple insurance policies covering the same type of...

An organizational risk may refer to the potential losses an organization may experience due to an adverse event or activity. The probability of a particular event or activity occurring could...