Terms starting with T
Third-Party Liability may refer to a legal situation in which one party is held responsible for the damages or losses caused by another. In the insurance world, third-party liability is...
Tail Coverage (also known as Extended Reporting Periods or E&O Tail Coverage) may refer to a type of insurance coverage that is designed to extend the reporting period of a...
Tolling a Statute of Limitations may refer to a legal principle that allows the suspension of certain time limits for filing a lawsuit. The ‘statute of limitations’ is a legal...
The term Threshold Level may refer to a specific limit or point that must be met or exceeded in order for something to occur. In terms of insurance, threshold level...
Often shortened to TIV; this is the sum of all property in one's care, custody, or control.
A person or organization other than the two primarily involved in a situation. In the context of insurance, typically third party would refer to any party other than the insured...
Trailer Interchange Insurance is an insurance policy that may refer to a type of motor truck cargo insurance. It is designed to provide coverage for the legal liability of a...
Telecommunications Theft is a term that may refer to the unauthorized use of telecommunications equipment, services, or resources. It can be defined as any act that deprives a person or...
A tertiary beneficiary, in the realm of commercial insurance, refers to an individual or entity named in an insurance policy as the third level of priority to receive the policy...
TIV insurance is an acronym that stands for Total Insured Value insurance. The term refers to a type of insurance policy that covers the full value of the insured property,...
Tender of defense is a term used in the insurance industry to refer to the process by which an insured party requests that their insurer assume responsibility for defending against...
Tort is a term used in insurance to refer to a legal concept involving a wrongful act or omission by one party that causes harm or injury to another party....
Third-party coverage is a type of insurance policy that covers any damages caused by an insured party to a third party. This type of policy is often called liability insurance...
Definition and Meaning of TCPA Defense Cost: TCPA Defense Cost is the cost associated with defending against a Telephone Consumer Protection Act (TCPA) violation. This cost typically includes legal fees...
A third-party administrator (TPA) is an organization providing contractual, operational services to another organization, such as employee benefits management or insurance claims processing.
Temporary total disability allows insured individuals a certain amount of compensation for their wage when they cannot work due to health concerns, such as recovery from an accident. This policy...
Third-party claims may refer to a situation in which an individual or organization brings a legal claim against a third party who is not directly involved in the incident or...