Glossary
The A201 construction contract, developed and published by the American Institute of Architects (AIA), is a widely used standard contract document that outlines the general conditions of the contract for construction between the owner and the general contractor, including hold harmless provisions and insurance requirements.
Read MoreAbandonment is a clause in property insurance policies prohibiting the insured from abandoning damaged property to the insurer for repair or disposal.
Read More"Absolute" exclusions are found within certain insurance policy forms and preclude coverage for claims that are remotely related to the actual nature of the exclusion.
Read MoreThe standard pollution exclusion in post-1986 Insurance Services Office, Inc. (ISO), commercial general liability (CGL) policies is called the absolute pollution exclusion.
Read MoreAn absorbed dose is the amount of a chemical that enters the body of an exposed organism.
Read MoreThe access to records clause, also referred to generically as an "inspection" or "audit" clause, is one of the most significant contract rights that a reinsurer has under a reinsurance agreement.
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