An authority established either by the company or the Government for the quick redressal of grievances. In India the Institution of Insurance Ombudsman was created by the Government of India vide notification dated 11th November 1`998 with the purpose of quick disposal of the grievances of the insured customers and to mitigate their problems involved in redressal of those grievances. Office of Insurance Ombudsman was formed to give a careful listening to the aggrieved insured persons/their beneficiaries who could not get their complaints redressed by insurers so that these aggrieved customers have the opportunity to get in touch with the Ombudsman relevant to their states. Insurance Ombudsman has powers to perform conciliation and award making. Their powers are restricted to insurance contracts of value not exceeding Rs. 20 lacs. The complaints must be by an individual on a “Personal Lines” Insurance (or if deceased, the legal heir(s) under such policy) can approach the Ombudsman. Insurance on personal lines means a policy taken or given in an individual capacity e.g., life insurance, personal accident insurance, mediclaim insurance and insurance of personal property of the individual such as motor vehicle, household articles, etc. Firms and Organizations cannot go the Ombudsman. Omission to insure additions, alterations or extensions clause (to be incorporated at the time of issuing the policy), An Add on peril under Standard Fire and Special Perils Policy (Material Damage) : On payment of additional premium the insurance extends to cover buildings and/or machinery, plant and other contents which the insured may erect or acquire or for which they may become responsible (a) at the described premises (b) for use as factories. Subject to that the liability under this extension shall not exceed 5% of the sum insured by each item. Subject to insured shall notify the insurer of each additional insurance as soon as it shall come to their knowledge and shall pay the appropriate additional premium from the date of inception. Following the advice of any additional insurance as above cover by this extension shall be fully reinstated. If the insured fails to declare the values of such additions within 30 days of the expiry of the policy, there shall be no refund of the advance premium collected.

A cause of loss not mentioned in an Insurance contract.

A federal law that extends COBRA continuation for those who are considered disabled or were disabled at the time of qualification. Under this law, group health coverage is extended from 18 months to 29 months.

A clause found in motor vehicle liability Policy which extends the coverage to others who are using the car within the limits of the Policy.
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A stipulation that extends the coverage to other people not specifically named in the contract, due to its definition of insured.
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An agreement in most automobile liability policies and some others that extends the definition to include others without needing to name them. An example would be a policy that covers the named insured and those residing with him.
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UK: An ‘indemnity to other persons’ clause in a liability policy. The motor insurance policy, for example, indemnifies permitted drivers, passengers and employers.

Insurance of the principal risks involved in a construction contract that is effected by the owner on behalf of himself and the various other parties concerned, thus, avoiding subsequent disputes as to whose liability any given occurrence gives rise to.

A building containing a number of tenants engaged in various trades and businesses.

A building that has several tenants who conduct different businesses.