Glossary

Informed consent is a duty owed by a medical professional to obtain a patient's consent before performing a procedure or rendering treatment.

Inherent defects insurance is a first-party property insurance sold mostly in Europe that covers physical damage or imminent collapse of newly constructed property caused by faulty design, engineering, workmanship, or materials in load-bearing elements such as foundations, columns, walls, floors, beams, roofs, and land improvements.

Inherent vice is an exclusion found in most property insurance policies eliminating coverage for loss caused by a quality in property that causes it to damage or destroy itself.

Initial premium concerns the amount paid at the inception of an insurance contract.

The process of selling stock in a corporation for the first time to the general public.

Initial public offering laddering claims are claims against corporate directors and officers associated with the manner in which the shares of an initial public offering (IPO) of the corporation's stock were allocated to various parties.

Injunctive relief is a legal alternative to monetary damages in a civil suit.

Inland marine coverage is property insurance for property in transit over land, certain types of movable property that may not remain at a fixed location, instrumentalities of transportation (such as bridges, roads, and piers), instrumentalities of communication (such as television and radio towers), and legal liability exposures of bailees. Many inland marine coverage forms provide coverage without regard to the location of the covered property; these are sometimes called "floater" policies. As a group, inland marine coverage forms are generally broader than property coverage forms.

Innkeepers legal liability is the legal liability of hotel and motel operators as bailees for the safekeeping of guest's property.

Insider trading is the trading of a corporation's stock (or other securities, such as bonds) by corporate insiders.