InsuranceReciprocal Attained Age Subrogation Long-term care insurance Renters insurance Actuarial Cost Method
Commercial lines
Businesses often purchase specific products to protect their operations. These products include boiler and machinery coverage, which protects against damage to equipment, and business interruption coverage, which compensates for lost income due to a covered event. Other important coverages include commercial auto, general liability, directors and officers liability, fire and allied lines, inland marine, medical malpractice liability, product liability, professional liability, surety and fidelity, and workers compensation. While most of these coverages can be purchased separately, business interruption coverage must be added to a fire insurance policy.
Related terms
Understand the meaning and definition of Reciprocal in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Attained Age in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Subrogation in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Long-term care insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Renters insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Actuarial Cost Method in the context of stock market, trading, and investments.
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