Glossary

Personal injury coverage is found under the commercial general liability and homeowners policies. This coverage pertains to a category of insurable offenses that produce harm other than bodily injury (BI).

Personal liability coverage is provided by the homeowners policy and other personal lines forms that protects the insured against the financial consequences of liability to others for bodily injury (BI) and property damage (PD).

Personal lines insurance is purchased by an individual or families (as opposed to an organization) to protect against personal risks.

The personal profit exclusion is an exclusion contained in nearly all directors and officers (D&O) and fiduciary liability insurance policy forms.

Personal property is all tangible property not classified as real property.

Personal risk management (PRM) is the process of applying risk management principles to the needs of individual consumers and families.

A personal umbrella policy provides high limits of liability to protect an insured against a catastrophic liability loss.

Personnel risk is one of several categories of loss exposures facing organizations that may be treated with the risk management process.

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.