Insurance
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1
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actuary
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n.
a person who calculates risks for insurance companies
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2
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assessor
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n.
a person who calculates the value of something [eg: a
building, car etc] |
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3
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claim
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n.
an application for payment under an insurance policy -
to make a claim v. |
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4
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comprehensive |
n.
[of an insurance policy] all-inclusive; providing
complete protection |
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5
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consequential loss |
n.
a loss that happens as a consequence of or as a result
of another |
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6
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coverUK
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n.
the protection given by an insurance policy [eg: public
liability cover] |
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7
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employer’s
liability |
n.
liability or responsibility of a firm for damage caused
to one of its employees |
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8
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goods in
transit |
n.
property, merchandise or any goods in the process of
being transported |
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9
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insurance
broker |
n.
agent who arranges insurance; middleman between insurer
& policyholder |
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10
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liability
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n.
1 the state of being liable 2 anything for which a
person is liable |
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11
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liable
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adj.
legally obliged to pay for damage, injury etc;
responsible - liability n.
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12
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loss
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n.
death, injury, damage etc that is the basis for a claim
- to lose v. |
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13
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loss
adjuster |
n.
a person who assesses the amount of compensation arising
from a claim |
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14
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policy
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n.
a contract of insurance [eg: a product liability policy]
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15
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policyholder |
n.
the person to whom an insurance policy is issued
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16
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premium
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n.
a payment, usually monthly, yearly etc, for an insurance
policy |
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17
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product
liability |
n.
liability or responsibility of a firm for damage caused
by one of its products |
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18
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public
liability |
n.
responsibility of a firm for damage caused to a member
of the public |
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19
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reinsurance |
n.
the insuring of a risk by one insurance company with
another - to reinsure v.
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20
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risk
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n.
1 chance or possibility of injury, loss etc 2
person or thing causing risk |
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