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A collection of top 20 Insurance World

 A Collection of Top 20 Insurance Words

 

Here is a collection of Top 20 Words in insurance as listed below:

actuary  n. a person who calculates risks for insurance companies 

assessor  n. a person who calculates the value of something [eg: a building, car etc] 

claim  n. an application for payment under an insurance policy - to make a claim v. 

comprehensive  n. [of an insurance policy] all-inclusive; providing complete protection 

consequential loss  n. a loss that happens as a consequence of or as a result of another 

cover UK  n. the protection given by an insurance policy [eg: public liability cover] 

employer’s liability  n. liability or responsibility of a firm for damage caused to one of its employees 

goods in transit  n. property, merchandise or any goods in the process of being transported 

insurance broker  n. agent who arranges insurance; middleman between insurer & policyholder 

10  liability  n. 1 the state of being liable 2 anything for which a person is liable 

11  liable  adj. legally obliged to pay for damage, injury etc; responsible - liability n. 

12  loss  n. death, injury, damage etc that is the basis for a claim - to lose v. 

13  loss adjuster  n. a person who assesses the amount of compensation arising from a claim 

14  policy  n. a contract of insurance [eg: a product liability policy] 

15  policyholder  n. the person to whom an insurance policy is issued 

16  premium  n. a payment, usually monthly, yearly etc, for an insurance policy 

17  product liability  n. liability or responsibility of a firm for damage caused by one of its products 

18  public liability  n. responsibility of a firm for damage caused to a member of the public 

19  reinsurance  n. the insuring of a risk by one insurance company with another - to reinsure v. 

20  risk  n. 1 chance or possibility of injury, loss etc 2 person or thing causing risk 

 

Collected & compiled by Hamid R. Bagheri

Source: commonmistakes.blogfa

 


12:20 - 7/02/2011    /    Number : 4631    /    Show Count : 3103


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Anonymous
1390/02/21 15:0
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What a joy to find such clear thinking. Taknhs for posting!
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