Commercial Auto Insurance
Commercial auto insurance is a type of insurance that provides coverage for vehicles used for business purposes.
Insurance Glossary
Glossary/Encyclopedia of insurance terms. In addition to the brief description of insurance terms, we have also provided detailed explanation of each term. By selecting ‘More Details’ in each term, you can view the detailed explanation of the term with examples.
Commercial Crime
A type of insurance that protects businesses from financial losses caused by various crimes, such as employee theft, robbery, burglary, forgery, and fraud.
Commercial General Liability (CGL)
Commercial General Liability (CGL) insurance is a type of insurance policy that provides coverage for businesses against a wide range of liability exposures, including bodily injury, property damage, and personal and advertising injury.
Commercial Insurance
Commercial insurance is a broad category of insurance that provides protection for businesses, covering a wide range of risks they may face.
Commercial Lines
Commercial lines refer to the segment of the insurance industry that provides insurance products and services to businesses and other organizations.
Commercial Package Policy (CPP) (USA)
A Commercial Package Policy (CPP) is a type of insurance policy in the U.S. that combines two or more different types of commercial insurance coverage into one package.
Commercial Property Insurance
Commercial property insurance is a type of insurance that provides financial protection for a business’s physical assets, such as its buildings, equipment, and inventory, against a variety of risks, including fire, theft, vandalism, and natural disasters.
Comparative Negligence
Comparative negligence is a legal principle used in tort law to allocate fault between multiple parties involved in an accident or injury.
Comprehensive Coverage
Comprehensive coverage is a type of auto insurance coverage that covers damages to your vehicle caused by events other than a collision (Based on geography), such as:
Theft
Vandalism
Fire
Natural disasters (example – floods, hurricanes, earthquakes)
Falling objects
Animal collisions.Consequential Loss
Consequential loss, also known as indirect loss, is a loss that occurs as a secondary result of a direct loss.
Contingent Business Interruption
Contingent business interruption insurance is a specialized type of insurance that protects businesses from financial losses caused by a disruption to their operations due to damage to the property of a supplier or customer.
Contribution
In insurance, contribution is the principle that applies when a loss is covered by more than one insurance policy.