Casualty insurance is primarily concerned with the losses caused by injuries to persons and legal...
insurance
Insurance is a contractual relationship that exists when one party (the insurer) for a consideration (the premium) agrees to reimburse another party (the insured) for loss to a specified subject (the risk) caused by designated contingencies (hazards or perils).
Additional Information
The term "assurance," commonly used in England, is considered synonymous with "insurance."
Related Terms
General liability insurance protects commercial insureds from most liability exposures other than...
The homeowners policy is a package insurance policy providing property and liability coverages...
Liability insurance is a form of insurance that applies to the obligation of the insured to pay...
A personal auto policy is a standard form promulgated by Insurance Services Office, Inc. (ISO), for...
Personal lines insurance is purchased by an individual or families (as opposed to an organization)...
Property insurance is first-party insurance that indemnifies the owner or user of property for its...
Professional liability refers to a type of liability coverage designed to protect traditional...
A workers compensation and employers liability policy is an insurance policy that provides coverage...
