Terms starting with S
Social Inflation is a term that may refer to the rising cost of insurance claims due to increased litigation, jury awards, and settlements. It is a phenomenon that has been...
The term Special Investigative Unit (SIU) may refer to a number of different investigative entities, ranging from government agencies to private companies. In the most general sense, an SIU is...
A subsidiary is a separate and distinct legal entity where the First Named Insured (Parent or Holding Company) has a controlling interest of 51% or more.
Subrogation" is a right to recover from another responsible party, once the party seeking to obtain subrogation pays out on a claim above and beyond it's proportionate share of responsibility....
The most robust form of Property insurance, Special Form Coverage covers all perils unless they are specifically excluded, as opposed to Basic or Broad Form coverage which exclude all perils...
Social Engineering Fraud is a type of fraud that involves manipulating people into revealing confidential information or performing certain actions. It is a form of cybercrime that uses social engineering...
Speculative Risks may refer to risks that are taken with the potential for either profit or loss. In practical terms, these are risks that are taken with the intent of...
Startup Risks is a term that may refer to the various risks associated with starting up a business. These risks may include financial, operational, legal, and personnel risks, among others.
Security Threats, by definition, are any type of malicious activity or attack that could potentially cause harm or damage to an organization, its data or its personnel. Security threats may...
In the intricate landscape of insurance, particularly when dealing with Directors and Officers (D&O) policies, the term Side A Difference-in-Conditions (DIC) emerges as a crucial concept. At its core, Side...
Additional Side A Coverage is a term that may refer to a form of Directors and Officers (D&O) insurance that is designed to provide additional coverage beyond the traditional D&O...
Settlement Costs may refer to the expenses incurred by the insurer in closing a claim or dispute. The term 'settlement costs' can refer to any costs associated with the conclusion...
Severability is a legal concept that may refer to the ability to separate a single contract or statute into multiple parts. It is often used when one or more of...
Securities Class Action (SCA) is a legal action that may refer to a lawsuit brought by investors on behalf of themselves and other members of a class of people who...
Securities claims may refer to a set of legal rights which are held by the owner of a security. These rights may include the right to receive principal and interest...
Shareholder Derivative Suit may refer to a legal claim brought by a shareholder on behalf of a corporation against a third party. This type of lawsuit is typically initiated when...
Settlement Clause is a term that may refer to a clause in a Directors and Officers (D&O) insurance policy that outlines when and under what conditions the insurer is allowed...
Side C Coverage, also known as Entity Coverage, is a form of Directors and Officers (D&O) liability insurance. It is a type of insurance coverage that provides protection to the...
Side B Coverage may refer to a type of insurance policy designed to protect the personal assets of directors and officers (D&O) of a company. It is a supplemental policy...
A "standstill agreement" holds particular significance in the lexicon of Directors and Officers (D&O) terminology. By definition, a "standstill agreement" is a formal arrangement between two parties, usually a company...
Side A Coverage is a type of insurance that may refer to the protection of individual directors and officers from personal financial loss due to claims brought against them. It...
Short rate cancellation, in the realm of commercial insurance, refers to a provision that allows an insurance company to charge a penalty when a policyholder cancels their insurance policy before...