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Insurance glossary - E

A Wisdom Archive on Insurance glossary - E

Insurance glossary - E

A selection of articles related to Insurance glossary - E

We recommend this article: Insurance glossary - E - 1, and also this: Insurance glossary - E - 2.
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Insurance dictionary - E,

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ARTICLES RELATED TO Insurance glossary - E

Insurance glossary - E: Insurance Glossary Dictionary III - E&O

Definition and meaning of E&O :

 

E&O: Errors and omissions insurance. Errors and omissions coverage (E&O) pays your defense costs if you're sued for negligence in providing a product or service to a client. It can also cover (at least partially, depending on your policy) your costs if you're found liable and have to pay damages.

(Source: Bank of America )

 

Also see these pages: E&O , Insurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Insurance Glossary Dictionary IV - ELECTRONIC COMMERCE / E-COMMERCE

Definition and meaning of ELECTRONIC COMMERCE / E-COMMERCE :

 

ELECTRONIC COMMERCE / E-COMMERCE: The sale of products such as insurance over the Internet.

(Source: Insurance Information Institute )

 

Also see these pages: ELECTRONIC COMMERCE / E-COMMERCE , Insurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Insurance Glossary Dictionary IV - ERRORS AND OMISSIONS COVERAGE / E&O

Definition and meaning of ERRORS AND OMISSIONS COVERAGE / E&O :

 

ERRORS AND OMISSIONS COVERAGE / E&O: A professional liability policy covering the policyholder for negligent acts and omissions that may harm his or her clients.

(Source: Insurance Information Institute )

 

Also see these pages: ERRORS AND OMISSIONS COVERAGE / E&O , Insurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Property Insurance Glossary Dictionary - Explosion Insurance

Definition and meaning of Explosion Insurance :

 

Explosion Insurance: Insurance against loss of property due to explosion but not including explosion of steam boilers, pipes, and certain pressure instruments. Most commonly written as part of the Extended Coverage Endorsement. (PR)

(Source: InsWeb)

 

Also see these pages: Explosion Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Property Insurance Glossary Dictionary - Earnings Insurance

Definition and meaning of Earnings Insurance :

 

Earnings Insurance: A form of Gross Earnings Business Interruption Insurance, whose principal feature is the lack of a coinsurance clause. It is designed for small risks, and the maximum amount of loss the insured can collect in any 30-day period is established when the policy is written. (PR)

(Source: InsWeb)

 

Also see these pages: Earnings Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Property Insurance Glossary Dictionary - Earthquake Insurance

Definition and meaning of Earthquake Insurance :

 

Earthquake Insurance: Insurance covering damage caused by an earthquake as defined in the contract. (PR)

(Source: InsWeb)

 

Also see these pages: Earthquake Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Property Insurance Glossary Dictionary - Extra Expense Insurance

Definition and meaning of Extra Expense Insurance :

 

Extra Expense Insurance: A form that provides reimbursement to the insured for the extra expenses reasonably incurred to continue the operation of a business when the described property has been damaged by a peril covered by the contract. This insurance is normally used by businesses where continuity of operation, regardless of cost, is a necessity as, for example, any business that would permanently lose customers if there were any suspension of operations. The term Additional Living Expense Insurance is defined with regard to extra expenses incurred by individuals, and such coverage is a common feature of homeowner policies. (PR)

(Source: InsWeb)

 

Also see these pages: Extra Expense Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Insurance Business Glossary Dictionary - Errors and Omissions Insurance

Definition and meaning of Errors and Omissions Insurance :

 

Errors and Omissions Insurance: A form of insurance that indemnifies the insured for any loss sustained because of an error or oversight on his or her part.

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

 

Also see these pages: Errors and Omissions Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Insurance Business Glossary Dictionary - Evidence of Insurability

Definition and meaning of Evidence of Insurability :

 

Evidence of Insurability: Any statement of proof of a person's physical condition and/or other factual information affecting his/her acceptance for insurance.

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

 

Also see these pages: Evidence of Insurability , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Insurance Business Glossary Dictionary - Excess and Surplus Insurance

Definition and meaning of Excess and Surplus Insurance :

 

Excess and Surplus Insurance: (1) Insurance to cover losses above a certain amount, with losses below that amount usually covered by a regular policy. (2) Insurance to cover an unusual or one-time risk, e.g., damage to a musician's hands or the multiple perils of a convention, for which coverage is unavailable in the normal market. (See also "Umbrella liability" and "surplus lines.")

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

 

Also see these pages: Excess and Surplus Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Insurance Business Glossary Dictionary - Extended Coverage Insurance

Definition and meaning of Extended Coverage Insurance :

 

Extended Coverage Insurance: Protection for the insured against property damage caused by windstorm, hail, smoke, explosion, riot, riot attending a strike, civil commotion, vehicle and aircraft. This is provided in conjunction with the fire insurance policy and the various "package" policies.

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

 

Also see these pages: Extended Coverage Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Insurance Business Glossary Dictionary - Extended Term Insurance

Definition and meaning of Extended Term Insurance :

 

Extended Term Insurance: A form of insurance available as a nonforfeiture option. It provides the original amount of insurance for a limited period of time.

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

 

Also see these pages: Extended Term Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Insurance Business Glossary Dictionary - Extra Expense Insurance

Definition and meaning of Extra Expense Insurance :

 

Extra Expense Insurance: Type of business income insurance that covers the extra expenses incurred to continue operations after a loss has occurred.

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

 

Also see these pages: Extra Expense Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Insurance Business Glossary Dictionary - Errors and Omissions Insurance

Definition and meaning of Errors and Omissions Insurance :

 

Errors and Omissions Insurance: Liability insurance policy that provides protection against loss incurred by a client because of some negligent act, error, or omission by the insured.

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

 

Also see these pages: Errors and Omissions Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Life Insurance Glossary Dictionary - Extended Term Insurance

Definition and meaning of Extended Term Insurance :

 

Extended Term Insurance: A provision in most policies which provides the option of continuing the existing amount of insurance as Term Insurance for as long a period of time as the contract's cash value will purchase. This is one of the nonforfeiture options available to the insured in case a premium is not paid within the grace period. See also Nonforfeiture Values. (LI)

(Source: InsWeb)

 

Also see these pages: Extended Term Insurance , Life Insurance, Life Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Life Insurance Glossary Dictionary - Employee Certificate of Insurance

Definition and meaning of Employee Certificate of Insurance :

 

Employee Certificate of Insurance: The employee's evidence of participation in a group insurance plan, consisting of a brief summary of plan benefits. The employee is provided with a certificate of insurance rather than the actual insurance policy. (LI,H)

(Source: InsWeb)

 

Also see these pages: Employee Certificate of Insurance , Life Insurance, Life Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Life Insurance Glossary Dictionary - Endowment Insurance

Definition and meaning of Endowment Insurance :

 

Endowment Insurance: A form of Life Insurance where the face amount is payable to the insured at the end of the contract period or to a beneficiary if the insured dies before that. An example would be an insured purchasing an endowment payable at age 65: If he reaches that age, the proceeds would be payable to him. If he dies prior to that age, the proceeds would be payable to the designated beneficiary as a Life Insurance benefit. (LI)

(Source: InsWeb)

 

Also see these pages: Endowment Insurance , Life Insurance, Life Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Life Insurance Glossary Dictionary - Evidence of Insurability

Definition and meaning of Evidence of Insurability :

 

Evidence of Insurability: The statement of information needed for the underwriting of an insurance policy. (LI,H)

(Source: InsWeb)

 

Also see these pages: Evidence of Insurability , Life Insurance, Life Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

Insurance glossary - E: Insurance Liability Glossary Dictionary - Errors and Omissions Insurance

Definition and meaning of Errors and Omissions Insurance :

 

Errors and Omissions Insurance: (1) A form of insurance that indemnifies the insured for any loss sustained because of an error or oversight on his part. For instance, an insurance agency purchases this type of coverage to protect itself against losses from such things as failing to issue a policy. (2) A form of insurance which covers losses resulting from financial institutions failing to effect insurance coverage. (LA)

(Source: InsWeb)

 

Also see these pages: Errors and Omissions Insurance , Insurance Liability, Insurance Liability SitemapInsurance, Insurance Sitemap, Insurance Dictionary - E

 

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Insurance Glossary
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Insurance Glossary
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Insurance glossary - E



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