Some of the specific exclusions are war/invasion, venereal diseases and HIV/AIDS, fertility or assisted conception, cosmetic or aesthetic procedures, intentional self-injury, influence of intoxicating drugs or alcohol, adventure sports, personal comfort, convenience items.

A business faces liability arising out of its property and activities. These sources of liability can be categorized as follows: 1. Ownership, use, or possession of premises, 2. Activities that are considered to be a public or private nuisance, 3. Sale, manufacture and distribution of products or services. 4. Property of others in the care, custody or control of the business. 5. Fiduciary relationships such as the management of employee benefit plan assets or service on the firm’s Board of Directors. 6. Professional activities. 7. Vehicles-usually automobiles but may include aircraft, watercraft and other vehicles. 8. Employees who may suffer a job-related injury or disease. 9. All property and activities not listed under any other category.

Property Insurance on explicitly described real or personal property. It contrasts with Insurance that covers on a blanket basis, all property at one or more locations without specific description of that property. Specific Insurance is considered primarily over blanket Insurance when coverage overlap.

A policy whose coverage is specific to one property. If a property is covered by specific insurance and a blanket policy that covers more than one location, the specific insurance would be the primary insurance.

An insurance policy that covers only property specifically described in the policy, as opposed to blanket insurance that usually covers all property at specified locations.

Insurer’s maximum liability for a specified type of loss or claim, usually smaller than the Policy limit, applicable to losses or claims generally.

A policy covering a single defined transit from one location to another is called a Specific Policy or Trip Policy.

A rate applying to an individual piece of property.