Claimant
In insurance, a claimant is a person or entity who files a claim with an insurance company for compensation for a covered loss or event.
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.
Claims-Made Policy
A claims-made policy is a type of insurance policy that provides coverage for claims that are both made against the insured and reported to the insurer during the policy period.
Co-Payment
A copayment, or copay, is a fixed dollar amount that you pay for a covered healthcare service, typically at the time you receive the service.
Coinsurance
Coinsurance has got different perspectives based on the type of insurance, even though this term is commonly used in health insurance in USA.
Collision Coverage
Collision coverage is a type of coverage in auto insurance that covers damages to your vehicle caused by a collision with another vehicle or object.
Combined Ratio
A measure of an insurance company’s underwriting profitability, calculated as the sum of the loss ratio and the expense ratio.
Commercial Audit
A commercial audit, in the context of insurance, is an examination of a business’s operations, records, and financials to determine the correct exposure for certain types of insurance policies.
Commercial Auto Insurance
Commercial auto insurance is a type of insurance that provides coverage for vehicles used for business purposes.
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.