Glossary

Daily reports are skeleton copies of the policies prepared for the agent and the insurer.

Damages, in an insurance context, is money whose payment a court orders as compensation to an injured plaintiff. Fines, penalties, or injunctive relief would not typically constitute "damages."

"Damages reduction" provision is a term used in connection with uninsured and underinsured motorists (UM/UIM) coverage to refer to limit of insurance provisions that apply (in some states) to set out how the existence of other types of coverage (e.g., workers compensation) that may apply affect UM/UIM coverage as well. Under damages reduction, any amount payable for damages under the coverage is reduced by all sums paid under another type of coverage, as specified in the applicable UM/UIM endorsement.

The "damage to premises rented to you" is one of the limits of liability prescribed by the standard commercial general liability (CGL) sublimit covering the insured's legal liability for property damage to premises they rent for 7 or more consecutive days (fire damage only) ; or premises they occupy for 7 days or less (any covered cause of loss) . Coverage applies only to the specific premises occupied and does not extend to replacing or repairing property beyond that space. This coverage is subject to a separate sublimit that is lower than the policy's general liability limit.

Damage to Rented Premises Liability Coverage—Garages (CA 25 10) endorsement is formerly known as fire legal liability coverage—garages. It provides coverage of a garage tenant's liability for damage by fire (or from other causes) to the rented premises the garage tenant occupies; such coverage is usually provided as an exception to the policy's care, custody, or control (CCC) exclusion. Under an endorsement CA 25 10 to the standard garage policy, legal liability of the named insured is covered subject to the "limit of insurance per premises" shown on the endorsement.

Data breach notification laws are state statutes that delineate certain reporting requirements in the aftermath of a data breach, pertaining to (1) applicability of the organization, (2) notification requirements with regard to parties who must be notified that the breach occurred, (3) notification timing requirements, and (4) specific penalties that may be incurred for failure to comply. The overwhelming majority of states have their own, slightly varying data breach notification laws.

Data processing coverage is all risks property insurance for electronic data processing (EDP) equipment (computers), computer programs, and data. It typically includes coverage for perils to which such property is especially susceptible: mechanical breakdown, electrical injury, and changes in temperature and humidity.

Data processors errors and omissions (E&O) coverage insures liability arising from errors and omissions in performing data processing for outside entities on a fee basis. Coverage is usually on a claims-made form. The policy provides no coverage for bodily injury (BI) or property damage (PD) liability, which can create a coverage gap for certain data processing applications—for example, in medical analysis whereby an error in a diagnostic computer program causes BI. Further, when one organization provides services for sister companies or its own subsidiaries, coverage would not normally apply to E&O claims by these companies or subsidiaries.

The date of issue is the date on which the insurer issued the policy.

Deadheading is operating a truck/tractor with its trailer empty.