Tag: claims

Even if you are not seriously injured, being in an accident can be pretty upsetting. Nobody ever leaves their house in reality, anticipating something...

DefinitionProfessional liability insurance, also called professional indemnity insurance but more commonly known as errors & omissions in the US, is a form of liability...

What is an 'Absolute Priority' An absolute priority is a rule that stipulates the order of payment - creditors before shareholders -...

What is a 'Backlog' A backlog is a buildup of work that needs to be completed. The term "backlog" has a number...

What is 'Baidu' The dominant Chinese internet search engine company. Baidu offers many of the same products and services as Google, but...

What is 'Calendar Year Accounting Incurred Losses ' Calendar year accounting incurred losses is a term used in the insurance industry to...

What is a Quiet Title Action A quiet title action is a legal proceeding used to establish the ownership of real estate when there are...

What is 'Fake Claims' The term fake claims refers to insurance claims that are made fraudulently. These claims are made in an...

Most people only think about water damage insurance when they are in the middle of a flood or some other major water emergency. But...

Waiver Of Premium For Disability What is 'Waiver Of Premium For Disability ' A provision in an insurance policy that states...