Glossary
Transfer of risk is a risk management technique whereby risk of loss is transferred to another party through a contract (e.g., a hold harmless clause) or to a professional risk bearer (i.e., an insurance company).
Read MoreTransfer pricing involves payments for goods or services exchanged between affiliated companies, where the payment is not "market rate."
Read MoreIn reference to multinational insurance programs, this is the internationally recognized process for proper recognition of local taxable revenue and deductions involving intercompany transactions.
Read MoreTransitional duties are a job assignment made to an employee returning to work while still recovering from a compensable injury.
Read MoreTransit coverage is inland marine coverage on the insured's property while in transit over land from one location to another.
Read MoreTransportation expenses are the additional expenses paid under the personal auto policy (PAP) and the commercial auto policies.
Read MoreA transportation network company is a business model that offers prearranged rides or car rentals for a fee, utilizing an online application (app) via a mobile device to connect passengers or automobile renters with drivers/car owners.
Read MoreThe Transportation Risk and Insurance Professional (TRIP) is a certification program that consists of a series of courses devoted to the transportation risk and insurance profession.
Read MoreTravel agents errors and omissions insurance refers to policies covering claims arising from errors or omissions committed by travel agents when they arrange and plan trips.
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