Terms starting with S
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...
SIR insurance, in the realm of commercial insurance, refers to a type of coverage known as a self-insured retention or a self-insurance retention. It is a risk management strategy where...
Subjectivities, in the realm of commercial insurance, refer to the aspects of an insurance policy that are open to interpretation or judgment. They are the factors or criteria that can...
Settlement options, in the realm of commercial insurance, refer to the choices available to policyholders when it comes to receiving the proceeds from an insurance claim. When a covered loss...
Speculative risk insurance, also known as speculative risk coverage, protects against risks associated with speculative activities or ventures. Speculative risk involves situations where there is a potential for both gain...
Spread of risk is a term used to describe how insurance companies minimize their risks by writing policies for many different policyholders. Spreading risk generally means offering insurance in multiple...
Supplementary payments in insurance refer to additional financial provisions made by an insurance company to the policyholder beyond the basic coverage. These payments are typically made to cover certain expenses...
"Stacking insurance" refers to a practice in which an insured individual or business combines or accumulates coverage from multiple insurance policies to increase their total coverage limits or potential benefits....
A Special Flood Hazard Area, often referred to as SFHA, is a term used in the realm of insurance and floodplain management. It is a defined geographic area that may...
Sliding scale insurance, a noteworthy concept in the realm of insurance, refers to a policy or program where the cost of coverage is determined based on the policyholder's ability to...
Surplus lines may refer to insurance policies not offered through the traditional market and categorized as non-admitted insurance. These policies are typically purchased by individuals or businesses who cannot obtain...
Social engineering refers to the use of psychological manipulation to deceive or trick people into divulging sensitive information or taking certain actions that they would not normally take.
A breach, particularly with regards to network security, is an unauthorized or illegal attempt to access, steal, damage, or destroy computer systems, networks, devices, or data. The bad actors achieve...