 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
Insurance Glossary
General Liability
Pays for legal defense and damages alleging bodily injury, property damage, personal
injury and advertising injury.
Property
Provides coverage for property that is damaged or destroyed and indirect losses such
as business income and extra expense resulting from damages to the property.
Automobile
There are two major components of automobile insurance:
• Automobile Liability provides coverage for injuries to others and/or damage to their
property (bodily injury liability and property damage liability).
• Automobile Physical Damage provides coverage for damage to owned vehicles.
Employment Practices Liability (EPLI)
Provides coverage for employment-related claims not typically covered by general
liability for lawsuits arising from actual or alleged wrongful employment practices.
Professional Liability & Errors and Omission
Provides coverage for specialists in various professional fields who hold themselves
out to the general public as having a greater than average expertise in a particular
area.
Workers’ Compensation
The purpose of Workers' Compensation insurance is to provide benefits as required
by law for those who suffer an occupational injury or disease.
Bonds
Required by state law, municipal ordinance or regulation to be filed prior to being
granted a license or engaging in a particular activity.
Group Health and Dental
Provides medical and dental benefits to those who are employed by you and their
immediate family.
Pays for legal defense and damages alleging bodily injury, property damage, personal
injury and advertising injury.
Property
Provides coverage for property that is damaged or destroyed and indirect losses such
as business income and extra expense resulting from damages to the property.
Automobile
There are two major components of automobile insurance:
• Automobile Liability provides coverage for injuries to others and/or damage to their
property (bodily injury liability and property damage liability).
• Automobile Physical Damage provides coverage for damage to owned vehicles.
Employment Practices Liability (EPLI)
Provides coverage for employment-related claims not typically covered by general
liability for lawsuits arising from actual or alleged wrongful employment practices.
Professional Liability & Errors and Omission
Provides coverage for specialists in various professional fields who hold themselves
out to the general public as having a greater than average expertise in a particular
area.
Workers’ Compensation
The purpose of Workers' Compensation insurance is to provide benefits as required
by law for those who suffer an occupational injury or disease.
Bonds
Required by state law, municipal ordinance or regulation to be filed prior to being
granted a license or engaging in a particular activity.
Group Health and Dental
Provides medical and dental benefits to those who are employed by you and their
immediate family.
 | |  | |  | |  | |  | |  | |  |
Carlson, Mikuzis and Taylor, Inc.