The term used to describe the liability coverage provided to the Businessmen. It includes liability for bodily injury, property damage, personal injury, advertising injury and fire damage.
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Business liability insurance (Liability Insurance)
Coverage provided to a business owner against property damage, personal injury, fire damage, and bodily injury.
Business life and health insurance (Liability Insurance)
Insurance that assists in funding the day-to-day operation of a business in the event a key person is lost.
Business life insurance
Life insurance bought by a business on the life of a member of the company. It may be bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to receive payment for loss caused by the death of a key employee.
Business model
Type of business organization or process.
Business Net Retention
This term represents the percentage of a company’s gross writings that are retained for its own account. Gross writings are the sum of direct writings and assumed writings. This measure excluded affiliated writings.
Business office personnel
Employees carrying out the administrative duties in a medical practice such as office manager, billing manager, receptionist, collection specialist, health information or medical record employees, and medical coders.
Business Owner’s Policy (BOP)
A package of property and liability insurance for small and medium size businesses. Refer Shopkeepers Policy. Also refer Office Umbrella Policy.
Business owner’s policy (Liability/Property Insurance)
A policy that provides liability and property coverage for small businesses.
Business Owners Policy (BOP)
A business owners policy combines property, commercial general liability, and business interruption coverage for small- to medium-sized businesses. The combination of coverage is generally less expensive than if individual policies were purchased.