Domestic Insurer?

Domestic Insurer – an insurance company that is domiciled and licensed in the state in which it sells insurance.

Commercial Multiple Peril?

Commercial Multiple Peril – policy that packages two or more insurance coverages protecting an enterprise from various property and liability risk exposures. Frequently includes fire, allied …

What is Coinsurance?

Coinsurance – A clause contained in most property insurance policies to encourage policy holders to carry a reasonable amount of insurance. If the insured fails to …

What Is A Builders Risk Policy

What is a business risk policy? Builders’ Risk Policies – typically written on a reporting or completed value form, this coverage insures against loss to buildings …

What is blanket coverage?

Blanket coverage – coverage for property and liability that extends to more than one location, class of property or employee.

What is an Insurance Alien Company?

Alien Company – an insurance company formed according to the laws of a foreign country. The company must conform to state regulatory standards to legally sell …