Glossary

Per capita is Latin for "per head or person," which refers to an average count of a population or statistical measure.

Under a health insurance plan, the per cause maximum limit is the maximum benefits that apply separately to each accident or illness incurred for a covered participant.

Per diem business interruption coverage is a form of business interruption insurance in which the insured is entitled to recover a stipulated amount for each day of fully interrupted operations.

Per occurrence limit is the maximum amount the insurer will pay for all claims resulting from a single occurrence, no matter how many people are injured, how much property is damaged, or how many different claimants may make claims.

A per occurrence limitation of liability provision is a nonstandard commercial property insurance provision that essentially converts blanket limits to specific, per location limits.

Per person limit is the maximum amount the insurer will pay for one person's injuries.

Per risk excess reinsurance is a method by which an insurer may recover losses on an individual risk in excess of a specific per risk retention.

Per stirpes is Latin for "by branches." Provides for distribution of property by stipulating that in the event one beneficiary predeceases the insured, their heirs shall have their full share to distribute among themselves.

Phishing refers to a message, usually delivered via email (and less frequently via telephone), that falsely claims to be from a lawful business or otherwise legitimate entity or person.

Physical-mental injuries are psychiatric disorders that are secondary to physical injuries.