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Glossary


The Write-Your-Own Program, available under the National Flood Insurance Program (NFIP), allows participating insurers to issue NFIP flood insurance policies, in contrast to policies issued directly by the NFIP.

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In the insurance industry, to write is to insure and/or to underwrite.

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The phrase "written as such" is used to indicate, typically in a reinsurance exclusion, a stand-alone policy written to cover a specific peril or risk where that specific peril or risk is the only named peril or risk in the stand-alone policy.

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A written premium is the premium registered on the books of an insurer or a reinsurer at the time a policy is issued and paid for.

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Wrongful act refers to the event triggering coverage under a liability policy. Typically, a "wrongful act" is defined as an act, error, or omission that takes place within the course of performing professional service.

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A wrongful death claim is a claim made on behalf of survivors or beneficiaries when a person has died as a result of wrongful conduct (either negligent or intentional).

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Wrongful deprivation of a career opportunity refers to a type of employment-related claim alleging a failure to provide specific types of training that will advance an employee's career.

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Wrongful discipline is a type of employment-related claim alleging that either (1) an employee was disciplined for an infraction that did not occur, or (2) if the employee did commit the infraction, the discipline meted out for the infraction was excessive.

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Wrongful failure to employ is a type of employment-related claim alleging that an employer refused to hire an applicant who is qualified to perform a specific job.

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Wrongful failure to grant tenure or partnership refers to a type of claim most frequently made against educational institutions and professional organizations (typically law and accounting firms).

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