|
1 |
actuary |
n. a person who calculates risks for
insurance companies |
|
2 |
assessor |
n. a person who calculates the value of
something [eg: a building, car etc] |
|
3 |
claim |
n. an application for payment under an
insurance policy - to make a claim v. |
|
4 |
comprehensive |
n. [of an insurance policy] all-inclusive;
providing complete protection |
|
5 |
consequential loss |
n. a loss that happens as a consequence of
or as a result of another |
|
6 |
coverUK |
n. the protection given by an insurance
policy [eg: public liability cover] |
|
7 |
employer’s liability |
n. liability or responsibility of a firm for
damage caused to one of its employees |
|
8 |
goods in transit |
n. property, merchandise or any goods in the
process of being transported |
|
9 |
insurance broker |
n. agent who arranges insurance; middleman
between insurer & policyholder |
|
10 |
liability |
n. 1 the state of being liable 2 anything
for which a person is liable |
|
11 |
liable |
adj. legally obliged to pay for damage,
injury etc; responsible - liability n. |
|
12 |
loss |
n. death, injury, damage etc that is the
basis for a claim - to lose v. |
|
13 |
loss adjuster |
n. a person who assesses the amount of
compensation arising from a claim |
|
14 |
policy |
n. a contract of insurance [eg: a product
liability policy] |
|
15 |
policyholder |
n. the person to whom an insurance policy is
issued |
|
16 |
premium |
n. a payment, usually monthly, yearly etc,
for an insurance policy |
|
17 |
product liability |
n. liability or responsibility of a firm for
damage caused by one of its products |
|
18 |
public liability |
n. responsibility of a firm for damage
caused to a member of the public |
|
19 |
reinsurance |
n. the insuring of a risk by one insurance
company with another - to reinsure v. |
|
20 |
risk |
n. 1 chance or possibility of injury,
loss etc 2 person or thing causing risk |