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| 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 | |
| coverUK | 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 | |
| liability | n. 1 the state of being liable 2 anything for which a person is liable | |
| liable | adj. legally obliged to pay for damage, injury etc; responsible - liability n. | |
| loss | n. death, injury, damage etc that is the basis for a claim - to lose v. | |
| loss adjuster | n. a person who assesses the amount of compensation arising from a claim | |
| policy | n. a contract of insurance [eg: a product liability policy] | |
| policyholder | n. the person to whom an insurance policy is issued | |
| premium | n. a payment, usually monthly, yearly etc, for an insurance policy | |
| product liability | n. liability or responsibility of a firm for damage caused by one of its products | |
| public liability | n. responsibility of a firm for damage caused to a member of the public | |
| reinsurance | n. the insuring of risk by one insurance company with another - to reinsure v. | |
| risk | n. 1 chance or possibility of injury, loss etc 2 person or thing causing risk |
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