Glossary

Customer's auto is a policy term that is defined in the Insurance Services Office, Inc. (ISO), garage policy.

A custom bond, required by the US Customs Service, guarantees the payment of duties or taxes due by law on all goods directly or indirectly imported or exported to or from the United States as well as the reporting of statistical data relating to the shipments involved.

A cutoff is a termination provision in a reinsurance contract under which the reinsurer is not liable for losses taking place after the date of termination.

A cut through clause is a clause used with retrocessions.

A cut through endorsement is a reinsurance contract endorsement providing that, in the event of the cedent's insolvency, the reinsurer will pay any loss covered by the reinsurance contract directly to the insured.

Cyber-extortion coverage is an insuring agreement contained within some policies written to cover claims associated with data breaches.

A cyber-physical attack is a security breach that impacts operations, damages property, or otherwise impacts the physical environment.

Cyber-security technology is technology used to reduce cyber risk.

Cyber-space liability describes the liability exposures encountered when communicating or conducting business online.

Cyber and privacy insurance is a type of insurance designed to cover consumers of technology services or products.