Glossary

A compound inflation rider is a long-term care (LTC) insurance policy rider that increases the benefits provided by a rate compounded every year.

Comprehensive 3-D policy is a term that was used in a discontinued Insurance Services Office, Inc. (ISO), commercial crime insurance program. The three "D's" are disappearance, dishonesty, and destruction.

Comprehensive auto coverage under an automobile physical damage policy insures against loss or damage resulting from any cause, except those specifically precluded. It covers losses such as fire, theft, windstorm, flood, and vandalism but not loss by collision or upset.

Comprehensive boiler and machinery (BM) coverage is coverage that applies to all insurable objects (types of equipment). There are two types: standard comprehensive coverage applies to all objects except production machinery; extended comprehensive coverage applies to all objects including production machinery. Contrasts with blanket group BM coverage, which applies to all objects within specified categories of objects, and with coverage applying only to individually described objects.

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980 is a federal act establishing a system for the cleanup of facilities where hazardous wastes are or have been disposed of, treated, or stored. It also encompasses trust funds financed by certain taxes to be used for cleanup costs. CERCLA also establishes very broad liability standards for hazardous waste incidents that require liable parties to reimburse trust funds that finance cleanup operations.

Comprehensive personal liability (CPL) coverage is liability coverage typically found under section II of the homeowners policy. It provides coverage for personal liability exposures such as premises, personal activities, pet exposures, some contracts, and certain incidental coverages. Business-related losses and auto-related losses are normally excluded. This protection includes two main areas of coverage. The first pertains to liability to other parties for bodily injury (BI) and property damage (PD). (Personal injury (PI) losses, such as libel and slander, are not covered.) The second pertains to medical payments expense to others, which is payable regardless of legal liability. Comparable CPL coverage can be added via a personal liability supplement to a dwelling fire policy. Stand-alone personal liability policies are nearly obsolete.

Compulsory insurance is any form of insurance that is required by law. In most states, for example, automobile liability insurance is compulsory for all automobile owners.

Some countries stipulate compulsory insurance requirements on businesses wherein they must purchase and maintain certain types of insurance coverage to operate in the country. Examples of they types of insurance that may be required include fire insurance on certain types of buildings, automobile liability, workers compensation, or inland marine on goods transported by trucks. Frequently, these coverages must be purchased from an admitted insurer in the host country or from the foreign government itself.

Computer crime insurance is a policy covering computer theft of money, securities, and other property. Some forms also cover computer theft of information and computer vandalism.

Computer forensics describes activities, such as securing an insured's information system, that take place immediately following a data breach. Such activities include but are not limited to securing an insured's information system following a data breach, determining the cause of the breach, and suggesting remedial measures to prevent future data breaches of a similar nature. Computer forensics coverage is available within several insuring agreements commonly found in cyber and privacy policies, including privacy notification and crisis management expense, cyber-extortion, and social engineering coverages.