Insurance Glossary

Insurance coverage refers to the specific protections and benefits provided by an insurance policy.

Cyber insurance, also known as cyber liability insurance or cyber risk insurance, is a type of insurance that helps protect businesses and individuals from financial losses resulting from cyberattacks and data breaches.

Debris removal is an important coverage provided in many property insurance policies, including homeowners, renters, and commercial property insurance.

A declaration policy, also known as a fluctuating stock policy or adjustable policy, is a type of property insurance specifically designed to cover fluctuating stock values.

The declaration page provides a summary of the policy’s coverage, limits, deductibles, and other key information.

In insurance, a deductible is the amount you pay out-of-pocket for covered expenses before your insurance coverage begins to pay.

Directors and Officers (D&O) insurance is a type of liability insurance that protects the personal assets of corporate directors and officers if they are sued for alleged wrongful acts in their management of the company.

Dwelling fire insurance is a type of property insurance that specifically covers damage to a residential building or dwelling caused by fire and other specified perils.

Earthquake insurance is a type of property insurance that specifically covers damages caused by earthquakes.

An endorsement, also known as a policy change or amendment, is a modification or addition to an existing insurance policy that alters the terms of the original policy.

Errors and Omissions (E&O) insurance, also known as professional liability insurance, is a type of insurance that protects businesses and professionals from financial losses caused by mistakes, errors, or negligence in providing professional services.