While the word seems clear enough, what exactly constitutes and accident is a much haggled over concept. The exact interpretation will dependend on the legislation that applies but in general terms th [..]

Broker of record letter

Liability for cars not owned by the insured but being used by an employee in connection with the insured's business

Confusingly also known as accident and health this is a generic term for coverage that protects from loss because of illness or injury which may result in loss of life, loss of earnings, or expenses i [..]

Contrary to what one might expect this is not about how enjoyable the accident was but relates to the frequency and severity of claims under a policy. It is also called claims experience.

An event beyond human origin or control. The volcanic ash cloud which created substantial air travel disruption in April 2010 is a typical, if extreme, example of an Act of God.

Two different meanings exist: Admitted / non-admitted can refer to whether or not a country requires an insured to purchase insurance from an insurer licensed in this country. This has now become an i [..]

Can arise from libel, slander, copyright infringements etc in the course of advertising products or services

Is also known as maximum possible loss (MPL) this is a worst-case approach to estimating the percentage of insured property which could possibly be destroyed by the insured perils.

All Risks