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Insurance Glossary


Dealing with insurance jargon can be confusing. Insurance Canopy is here to break down many of the insurance terms you see on your policy and read in our blogs in order to help give you a better understanding of what having insurance entails.
Pick a letter to find the term you are looking for
A
B
C
D
E

F

G

H

I

J

K

L

M
N
O
P

Q

R

S

T
U

V

W

X

Y

Z

A

Additional Insured
Affidavit
Aggregate
Admitted Insurer

B

Bailee
Binder
Bordereau
Broker
Brokerage
Business Personal Property

C

Carrier
Claims-Made Policy
Commercial Lines
Commercial Property Policy
Commercial
Completed Operations
Cyber Insurance
Commercial General Liability
Commission

D

"Damage to Premises Rented to You"

E

Excess Liability
Excess Liability Policy
Exclusion

G

General Liability Insurance

I

Importer
Inland Marine Coverage
Insurance Policy
Insurance Quote
Insured
Insurance Agency
Insurance Agent

M

Manufacturer
Master Policy
Medical Expenses Limit

N

Non-Admitted Insurer

O

Occurrence Policy

P

Package Policy
Personal and Advertising Injury
Product Liability
Product Recall
Professional liability

R

Retail Contract
Retailer
Risk Purchasing Group

T

Transfer of Risk

U

Underwriter

W

Wholesale Broker
Workers' Compensation
Wholesalers

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All policies have conditions, limitations and exclusions, please read the policy for exact verbiage.
Claim scenario circumstances vary in nature and similar claims do not guarantee coverage.

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