Additional insured
A status often requested in contracts when one party wants specific liability-related protection connected to another party's policy structure.
Certificate of insurance
A summary document commonly used to show certain coverage information at a point in time. It is useful for orientation but is not the same as reviewing the full policy or related endorsements.
Deductible
The amount a policyholder typically absorbs before specified insurance responses begin, depending on the policy language involved.
Endorsement
Policy language that modifies the base form in some way. In practice, endorsements matter because they can affect how the policy actually operates in a real-world relationship.
General liability
A foundational business coverage often associated with certain third-party bodily injury, property damage, and advertising injury claims.
Indemnity
A contract concept describing how one party may agree to assume or respond to certain liabilities involving another party. It is frequently relevant in service and vendor agreements.
Professional liability
Coverage often associated with claims tied to services, advice, design, recommendations, or professional work rather than a standard premises-style event.
Retention
A term sometimes used similarly to deductible concepts in everyday discussion, though policy structures can handle these amounts differently depending on wording.
Subrogation
A concept that can arise when an insurer seeks recovery from another party after responding under a policy, depending on the facts and legal framework involved.
Umbrella coverage
A form of higher-level liability protection that may sit above specified underlying policies, depending on the structure in place.
Waiting period
A time-based concept that may matter in some interruption-related contexts before specified responses apply.
Working use
Not a formal policy term in every case, but a useful plain-English idea describing how equipment, vehicles, people, or systems are actually used in operations as opposed to how they were originally described.