Company that specializes in insuring motorists who have poor driving records or have been canceled or refused insurance.

Term used (“hired autos”) in the Insurance Services Office, Inc. (ISO), business auto, garage, and motor carrier coverage forms to denote a particular type of auto included as a covered auto under the policy. With certain exceptions, the term refers to autos the named insured leases, hires, rents, or borrows. As respects both the business auto and the garage policy, the term does not include any auto the named insured leases, hires, rents, or borrows from any of its employees, partners, limited liability members, or members of their households. As respects the motor carrier, the exception applies as respects private passenger type autos only.

A package of insurance providing home owners with a broad range of property and liability coverage’s.
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A package insurance policy providing property and liability coverages tailored to the needs of most home owners, condominium owners, and apartment tenants. Various versions are available depending on the type of dwelling insured and the scope of protection to be covered. It is the most commonly used insurance policy protecting homes in the United States.

Liability for bodily injury (BI) or property damage (PD) arising out of the serving or distribution of alcoholic beverages by a party not engaged in this activity as a business enterprise. Host liquor liability exposures are insurable under standard general liability policies.
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Part of the commercial general liability policy, covers the incidental serving of alcohol by an insured who is not in the business of serving alcohol.

US: A tropical storm marked by extremely low barometric pressure and circular winds with a velocity of 75 miles an hour or more.
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A violent tropical cyclone with winds of 64 knots or 73 more miles per hour (118 or more km/hr) often with torrential rains and originating usually at sea. A storm of the most intense severity with a violent wind, in particular a tropical cyclone in the Caribbean. Synonyms: Cyclone, typhoon, tornado, storm, tropical storm, tempest, windstorm, superstore, gale, squall, whirlwind. A wind of force 12 on the Beaufort scale (equal or exceeding 64 knots or 118 km/h). Air filled with foam, waves over 45 ft., sea complete white with driving spray, visibility greatly reduced.
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UK: A violent windstorm covering a large area. It usually originates at sea, with winds circulating at tremendous velocity around a ‘centre’ that in itself moves fairly slowly. In view of its range in time and space, hurricanes are brought within the hours clause in catastrophe excess of loss treaties.

Claims adjustor who offers his or her services to insurance companies and is compensated by a fee.

A medical examination used to determine whether an injured party claiming injuries is actually injured or to the extent they claim. Independent medical examiners are registered medical practitioners who provide impartial medical assessments of an injured worker to assist decisions about: accepting a claim, ongoing liability and the worker’s level of fitness for work.

A commercial insurance buyer presumed by virtue of its financial size to be able to negotiate insurance contracts with insurers without the protection of insurance regulators. Restrictions may apply on the ability of the insured to recover from a state’s guaranty funds. Under some state insurance laws, an industrial insured must meet size criteria (net worth and number of employees) to be eligible to purchase nonadmitted insurance.

Property insurance for property in transit over land, certain types of moveable property, instrumentalities of transportation (such as bridges, roads, and piers, instrumentalities of communication (such as television and radio towers), and legal liability exposures of bailees. Many inland marine coverage forms provide coverage without regard to the location of the covered property; these are sometimes called “floater” policies. As a group, inland marine coverage forms are generally broader than property coverage forms.
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Property insurance for property in transit over land, certain types of moveable property, instrumentalities of transportation (such as bridges, roads, and piers, instrumentalities of communication (such as television and radio towers), and legal liability exposures of bailees. Many inland marine coverage forms provide coverage without regard to the location of the covered property these are sometimes called &#8220floater&#8221 policies. As a group, inland marine coverage forms are generally broader than property coverage forms.

US: A broad form of insurance, generally covering articles in transit as well as bridges, tunnels and other means of transportation and communication. Besides goods in transit (generally excepting trans-ocean), it includes numerous “floater” policies, such as those covering personal effects, personal property, jewelry, furs, fine arts, and other items.
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UK: A development from marine insurance covering inland transit exposures on road, rail or inland water. It includes goods in transit, carrier’s liability, property in the possession of bailees and movable equipment and property. In the US it may include fixed structures such as bridges and tunnels that are normally included in property insurance.
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Property insurance signaling broad coverage of properties exposed to the transportation peril and those subject to being used or kept at a location other than the insured’s customary premises. Eligible property is identified in the Nationwide Definition of Marine Insurance. Also refers to personal property of significant rarity or value that the owner may want separate coverage.