Insurance
| 1 |
actuary |
n. a
person who calculates risks for insurance companies
|
| 2 |
assessor |
n. a
person who calculates the value of something [eg: a
building, car etc] |
| 3 |
claim |
n. an
application for payment under an insurance policy -
to make a claim v. |
| 4 |
comprehensive
|
n. [of
an insurance policy] all-inclusive; providing
complete protection |
| 5 |
consequential loss
|
n. a
loss that happens as a consequence of or as a result
of another |
| 6 |
coverUK
|
n. the
protection given by an insurance policy [eg: public
liability cover] |
| 7 |
employer’s
liability |
n.
liability or responsibility of a firm for damage
caused to one of its employees |
| 8 |
goods in transit
|
n.
property, merchandise or any goods in the process of
being transported |
| 9 |
insurance broker
|
n. agent
who arranges insurance; middleman between insurer &
policyholder |
| 10 |
liability |
n. 1 the
state of being liable 2 anything for which a person
is liable |
| 11 |
liable |
adj.
legally obliged to pay for damage, injury etc;
responsible - liability n.
|
| 12 |
loss |
n.
death, injury, damage etc that is the basis for a
claim - to lose v. |
| 13 |
loss adjuster
|
n. a
person who assesses the amount of compensation
arising from a claim |
| 14 |
policy |
n. a
contract of insurance [eg: a product liability
policy] |
| 15 |
policyholder
|
n. the
person to whom an insurance policy is issued |
| 16 |
premium |
n. a
payment, usually monthly, yearly etc, for an
insurance policy |
| 17 |
product liability
|
n.
liability or responsibility of a firm for damage
caused by one of its products |
| 18 |
public liability
|
n.
responsibility of a firm for damage caused to a
member of the public |
| 19 |
reinsurance
|
n. the
insuring of risk by one insurance company with
another - to reinsure v. |
| 20 |
risk |
n. 1
chance or possibility of injury, loss etc 2
person or thing causing risk |
|
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