Glossary

The total insured value provision in reinsurance agreements excludes coverage of individual properties in cases where total insured values across all property lines equal or exceed a certain level.

A total pollution exclusion eliminates virtually all coverage for pollution incidents, including those retained in the standard commercial general liability (CGL) policy despite its "absolute" pollution exclusion.

Towing operations are attending, servicing, or repairing a customer's auto at the location where it becomes disabled, including transporting the auto from that location to the repair garage.

Toxic tort is an action based on allegations that injuries or death were caused by contact with, use of, or ingestion of an insidious or poisonous substance, such as asbestos, polychlorinated biphenyls, or insecticides.

Tradable risk is the wide array of risks that share one fundamental characteristic—transparency.

Trade disruption insurance is a political risk insurance that covers loss of gross earnings and extra expenses caused by a delay or non-arrival of supplies or stocks arising from foreign government actions or inaction.

Trade dress refers to the distinctive design, color scheme, shape, or packaging of a product that distinguishes it in consumers' minds from other similar or competing products.

Trade libel is a standard peril covered under a media professional liability policy.

Trading loss coverage may be added by an endorsement to a banker's blanket bond for employee dishonesty loss involving trading (usually of securities or currency).

Trailer Interchange Insurance (CA 23 98) is a type of coverage available under either the truckers or the motor carrier policy form that covers the insured's legal liability for damage to the trailers of others.