1. Business & Finance

A Glossary of Common Insurance Terms

When purchasing business insurance, the terms and acronyms used by insurers can be daunting. This is a glossary of terms and acronyms used by insurers and insurance professionals.

Actual Cash Value

Definition of Actual Cash Value

Additional Insured

Definition of Additional Insured

Adjuster

Definition of Adjuster

Agent

Definition of Agent

Broker

Definition of Insurance Broker

Business Owner's Policy

Definition of a Business Owner's Policy

Coinsurance

Definition of coinsurance.

Endorsement

Business insurance endorsement definition

Exclusion

Definition of Exclusion.

High Deductible Health Plans (HDHP

High Deductible Health Plan Definition

Occurrence

Definition of Occurrence

Primary Care Physician

Primary Care Physician Definition

Reinsurance

Definition of Reinsurance

Replacement Cost

Replacement Cost - Business Insurance Definition

IRMI Online Glossary of Insurance and Risk Management Terms

The Insurance Risk Management Institutes online glossary has an extensive index of acronyms and clear definitions of industry terms.

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