Sickness which prevents the insured from working but does not confine to his home.

In business interruption insurance or under the additional living expense coverage of a homeowner’s policy, these are expenses of the business or the home that do not continue following a loss.

The failure of a whole cargo or a whole package to arrive at its destination, con contrast with short delivery.

One which may require medical care, but does not result in loss of working time or income. An injury that does not cause total or partial disability.

A provision in some health insurance policies specifying that benefit will not be paid for amounts reimbursed by others. In group health insurance this is usually called coordination of benefits.

A risk that cannot be measured actuarially or in which the chance of loss is so high that insurance cannot be written against it.

Making no financial preparation for meeting losses.

Transfer of a loss exposure t an entity which is not an Insurer. Forms of non-Insurance transfer are indemnity or hold-harmless agreements; being a named insured under another party’s Insurance coverage; acquisition/divestiture.

The risk that a debt will not be paid when due.

Used in fire insurance to describe a building any part of which does not conform to the rules for the minimum grade of construction.