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Insurance

1actuaryn. a person who calculates risks for insurance companies
2assessorn. a person who calculates the value of something [eg: a building, car etc]
3claimn. an application for payment under an insurance policy - to make a claim v.
4comprehensiven. [of an insurance policy] all-inclusive; providing complete protection
5consequential lossn. a loss that happens as a consequence of or as a result of another
6coverUKn. the protection given by an insurance policy [eg: public liability cover]
7employer's liabilityn. liability or responsibility of a firm for damage caused to one of its employees
8goods in transitn. property, merchandise or any goods in the process of being transported
9insurance brokern. agent who arranges insurance; middleman between insurer & policyholder
10liabilityn. 1 the state of being liable 2 anything for which a person is liable
11liableadj. legally obliged to pay for damage, injury etc; responsible - liability n.
12lossn. death, injury, damage etc that is the basis for a claim - to lose v.
13loss adjustern. a person who assesses the amount of compensation arising from a claim
14policyn. a contract of insurance [eg: a product liability policy]
15policyholdern. the person to whom an insurance policy is issued
16premiumn. a payment, usually monthly, yearly etc, for an insurance policy
17product liabilityn. liability or responsibility of a firm for damage caused by one of its products
18public liabilityn. responsibility of a firm for damage caused to a member of the public
19reinsurancen. the insuring of risk by one insurance company with another - to reinsure v.
20riskn. 1 chance or possibility of injury, loss etc 2 person or thing causing risk

From Top 20 Business Vocabulary.

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