| 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 a 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 |
