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.