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Insurance glossary - B

A Wisdom Archive on Insurance glossary - B

Insurance glossary - B

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Insurance dictionary - B,

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ARTICLES RELATED TO Insurance glossary - B

Insurance glossary - B: Insurance Glossary Dictionary IV - B-SHARE VARIABLE ANNUITY

Definition and meaning of B-SHARE VARIABLE ANNUITY :

 

B-SHARE VARIABLE ANNUITY: A form of variable annuity contract with no initial sales charge but if the contract is cancelled the holder pays deferred sales charges (usually from 5 to 7 percent the first year, declining to zero after from 5 to 7 years). The most common form of annuity contract.

(Source: Insurance Information Institute )

 

Also see these pages: B-SHARE VARIABLE ANNUITY , Insurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Property Insurance Glossary Dictionary - Blanket Insurance

Definition and meaning of Blanket Insurance :

 

Blanket Insurance: A form of Property Insurance that covers, in a single contract, either multiple types of property at a single location or one or more types of property at multiple locations. (PR)

(Source: InsWeb)

 

Also see these pages: Blanket Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Property Insurance Glossary Dictionary - Boiler and Machinery Insurance

Definition and meaning of Boiler and Machinery Insurance :

 

Boiler and Machinery Insurance: Insurance against the sudden and accidental breakdown of boilers, machinery, and electrical equipment. Coverage is provided on (1) damage to the equipment, (2) expediting expenses, (3) property damage to the property of others, and (4) supplementary payments; and (5) automatic coverage is provided on additional objects. Coverage can be extended to cover consequential losses and loss from interruption of business. (PR)

(Source: InsWeb)

 

Also see these pages: Boiler and Machinery Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Property Insurance Glossary Dictionary - Business Interruption Insurance

Definition and meaning of Business Interruption Insurance :

 

Business Interruption Insurance: A time element coverage that pays for loss of earnings when operations are curtailed or suspended because of property loss due to an insured peril. Now referred to as business income insurance. See Business Income Coverage Form. (PR)

(Source: InsWeb)

 

Also see these pages: Business Interruption Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Health Insurance Glossary Dictionary - Blanket Insurance

Definition and meaning of Blanket Insurance :

 

Blanket Insurance:  A contract of Health Insurance that covers all of a class of persons not individually identified in the contract. (H)

(Source: InsWeb)

 

Also see these pages: Blanket Insurance , Health Insurance, Health Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Life Insurance Glossary Dictionary - Business Insurance

Definition and meaning of Business Insurance :

 

Business Insurance: Policies written for business purposes, such as key employee, sole proprietorship, partnership, and corporation. (LI,H)

(Source: InsWeb)

 

Also see these pages: Business Insurance , Life Insurance, Life Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Business Glossary Dictionary - Burglary and Theft Insurance

Definition and meaning of Burglary and Theft Insurance :

 

Burglary and Theft Insurance: Coverage against property losses due to burglary, robbery, or larceny.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Burglary and Theft Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Business Glossary Dictionary - Business Insurance

Definition and meaning of Business Insurance :

 

Business Insurance: A policy which primarily provides coverage of benefits to a business as contrasted to an individual. It is issued to indemnify a business for the loss of services of a key employee or a partner who becomes disabled.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Business Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Business Glossary Dictionary - Business Interruption Insurance

Definition and meaning of Business Interruption Insurance :

 

Business Interruption Insurance: Protection for a business owner against losses resulting from a temporary shutdown because of fire or other insured peril. The insurance provides reimbursement for lost net profits and necessary continuing expenses.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Business Interruption Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Business Glossary Dictionary - Business Life Insurance

Definition and meaning of Business Life Insurance :

 

Business Life Insurance: Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to reimburse it for loss caused by the death of a key employee.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Business Life Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Business Glossary Dictionary - Boiler and Machinery Insurance

Definition and meaning of Boiler and Machinery Insurance :

 

Boiler and Machinery Insurance: Coverage for loss arising out of the operation of pressure, mechanical, and electrical equipment. It covers loss of the boiler and machinery itself, damage to other property, and business interruption losses.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Boiler and Machinery Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Glossary Dictionary II - Basis, of insurance clause

Definition and meaning of Basis, of insurance clause :

 

A clause that makes the declarations contained in an insurance proposal form the ÒbasisÓ of any contract of insurance that is made in consequence of the completion of that form. Such declarations are thereby converted into warranties with the result that if one of them is found to be untrue then the insurer may disclaim all liability under the relevant contract from the date of the breach, regardless as to whether the false declaration was material to the underwriting of the contract or causative of any loss.

 

 Basis of insurance clauses are not normally found in personal lines insurance contracts sold in the United Kingdom and, where they appear in other contracts, they may be qualified by the inclusion of a term in the proposal form that the declarations made in that document are true to the best of the knowledge and belief of the person making the declarations.

(Source Lloyd's )

 

Also see these pages: Basis, of insurance clause , Insurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Glossary Dictionary IV - BLANKET INSURANCE

Definition and meaning of BLANKET INSURANCE :

 

BLANKET INSURANCE: Coverage for more than one type of property at one location or one type of property at more than one location. Example: chain store

(Source: Insurance Information Institute )

 

Also see these pages: BLANKET INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Glossary Dictionary IV - BOILER AND MACHINERY INSURANCE

Definition and meaning of BOILER AND MACHINERY INSURANCE :

 

BOILER AND MACHINERY INSURANCE: Often called Equipment Breakdown, or Systems Breakdown insurance. Commercial insurance that covers damage caused by the malfunction or breakdown of boilers, and a vast array of other equipment including air conditioners, heating, electrical, telephone and computer systems.

(Source: Insurance Information Institute )

 

Also see these pages: BOILER AND MACHINERY INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Glossary Dictionary IV - BURGLARY AND THEFT INSURANCE

Definition and meaning of BURGLARY AND THEFT INSURANCE :

 

BURGLARY AND THEFT INSURANCE: Insurance for the loss of property due to burglary, robbery or larceny. It is provided in a standard homeowners policy and in a business multiple peril policy.

(Source: Insurance Information Institute )

 

Also see these pages: BURGLARY AND THEFT INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Glossary Dictionary III - bond insurance

Definition and meaning of bond insurance :

 

bond insurance:

(Source: Bank of America )

 

Also see these pages: bond insurance , Insurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Glossary Dictionary III - business insurance

Definition and meaning of business insurance :

 

business insurance: A policy that provides coverage to a business. It is often purchased to indemnify a business for the loss of services if a key employee (such as a partner) becomes disabled.

(Source: Bank of America )

 

Also see these pages: business insurance , Insurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Insurance Glossary Dictionary III - business life insurance

Definition and meaning of business life insurance :

 

business life insurance: Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to reimburse it for loss caused by the death of a key employee. (Also known as key person insurance.)

(Source: Bank of America )

 

Also see these pages: business life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - B

 

Insurance glossary - B: Property Insurance Glossary Dictionary - BI

Definition and meaning of BI :

 

BI: See Business Interruption Insurance and Business Income Coverage Form. This is what these letters most often refer to in the property field. (PR)

(Source: InsWeb)

 

Also see these pages: BI , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - B

 

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Insurance Glossary
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Index of Articles
related to
Insurance glossary - B



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