A company or person that has been approved by the Financial Conduct Authority (FCA) to carry on out one or more FCA regulated activities.

The accounting year in which a loss has occurred.

An act, including but not limited to the use/or planned use of force or violence and/ or the threat of any person or group of persons whether acting alone, or on behalf of, or in connection with a [..]

The age permitted for a policy, age restrictions vary from insurers to insurer.

A further premium payable by the insured as a result of a policy update or amendment, that may increased the risk exposure or and in turn change the policy conditions sum insured.

The amount you are quoted by an insurance provider to cover the risk you have been supplied with, inclusive of all insurance taxes (Insurance Premium Tax - IPT).

Another terminology to describe an insured person.

An agreement between a Lloyd's managing agent and a coverholder under which the Lloyd's managing agent delegates its authority to enter into a contract or contracts of insurance to be un [..]

A broker is an independent intermediary who markets various types of products and policies which are in turn arranged through different underwriters/insurance companies.

The Termination of a policy before it is due to expire usually provide with a 14 day cooling of period allowing time to absorb what you have contracted in for.