Terms starting with P

Payor benefit is a term commonly used in life insurance policies. Certain events that limit the policyholder’s ability to pay premiums — such as disability, death, and unemployment — trigger...

Pure risk insurance, also known as pure risk coverage, is a type of insurance that protects against losses from uncontrollable events. Pure risk involves situations where there is a chance...

A professional employer organization (PEO) is a specialized company that partners with businesses to manage certain aspects of human resources, employee benefits, payroll administration, and other employment-related functions. By collaborating...

A participating provider, in the context of insurance, refers to a healthcare professional or facility that has entered into an agreement with an insurance company or a managed care organization...

Products completed operations, within the realm of insurance, refers to a specific coverage term that may refer to the liability risks associated with products and completed work. It is a...

Protection classes, an essential aspect of property insurance underwriting, pertain to the evaluation and rating of a property's risk exposure based on its location and proximity to fire protection services....

Pro rata cancellation, a term commonly used in the insurance industry, refers to the termination of an insurance policy before its expiration date, where the insurer returns the unearned premium...

Covers fees and assessments that your company becomes legally obligated to pay due to claims involving your company's non compliance with PCI Data Security Standards.

Private equity may refer to investments that are not publicly traded on a stock exchange. Private equity is a form of capital that private investors or firms provide to companies...