Insurance that provides coverage of both medical costs and disability benefits. This type of insurance is identifiable due to the existence of renewal provisions and the provision of benefits.
Insurance Encyclopedia
Commercial inspection report
Written document by an organization that specializes in investigating and obtaining information on persons who apply for insurance, employment, or credit.
Commercial insurance
Coverage sold by insurance companies with the intent of making a profit.
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Accident and sickness Insurance intended primarily to be sold to workers in commerce and business as contrasted to industrial workers.
Commercial insurance company
A company owned by private citizens, selling insurance to make a profit.
Commercial Insurer
A company that issues property liability insurance to businesses and other organizations.
Commercial Invoice
An itemized list of goods shipped, usually included among an exporter’s collection papers.
Commercial legal expenses
Provides businesses with legal advice and covers legal expenses to enforce or defend legal rights in a range of disputes. Cover is available under various sections: court attendance expenses; tax/VAT disputes; prosecution defence; data protection liability; contract disputes; personal injury or property claims; premises disputes; employment disputes and awards; licence disputes.
Commercial Lines
“Commercial lines” refers to insurance products designed for and bought by businesses. Among the major coverages are boiler and machinery, business interruption, commercial auto, commercial general liability, directors and officers liability, fire and allied lines, inland marine, professional liability, product liability, surety and fidelity bonds, and workers compensation. Most of these commercial coverages can be purchased separately except business interruption coverage which must be added to a fire insurance (property) policy.
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A distinction marking property and liability coverage written for business or entrepreneurial interests as opposed to personal lines.
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US: Insurance for businesses, organizations, institutions, governmental agencies, and other commercial establishments.
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Insurance for businesses, professionals, and commercial establishment.
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US: Insurance lines used to cover commercial risks as opposed to personal lines, which cover personal risks. Examples include commercial general liability (CGL), workers compensation, and commercial property insurance.
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MEDICAL,USA: Insurance products that are created for businesses versus personal lines products. Also called commercial general liability insurance (CGL).
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Insurance sold to businesses and other commercial entities.
Commercial lines manual
A manual compiled by the Insurance Services Office Inc. that includes data on commercial rates. This manual is used to help determine rates.
commercial managed care organization (MCO)
Health maintenance organization that is an eligible organization with a contract under §1876 or a Medicare+Choice organization; a provider-sponsored organization or any other private or public organization that meets the requirements of §1902(w). These MCOs provide comprehensive services to commercial and/or Medicare enrollees, as well as Medicaid enrollees.