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Glossary


The Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970 is law providing for treble damages against those engaged in "a pattern of racketeering activity."

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Radiological weapons disperse radioactive agents to inflict injury or cause contamination or damage.

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Radius class describes the customary distance traveled by commercial vehicles as measured in a straight line from the place of garaging to the destination.

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Radius of operations describes the area or areas where a company conducts its business.

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Railroad protective liability is insurance coverage protecting a railroad from liability it incurs because of the work of contractors on or near the railroad right-of-way.

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A railroad sidetrack agreement is an agreement between a railroad and a business in which the railroad agrees to build a siding on the property of the business, and the business will hold the railroad harmless for certain liability arising out of the use of the sidetrack.

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A rainmaker is a person who markets the law firm and attempts to generate new business, particularly one who is very adept at bringing in new clients and accounts.

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Ransomware is a type of cyber attack that blocks access to a victim's data, website, client services systems, or other critical resources.

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Ratable losses refer to the insured's incurred loss dollars, including all losses paid and outstanding, subject to a maximum per-loss amount or loss limitation.

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Rate is a unit of cost that is multiplied by an exposure base to determine an insurance premium.

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