Learn about the Burning Ratio in general insurance, a key metric that compares the amount of losses suffered to the amount of insurance in effect. Understand its significance for insurers.
Learn about Bank Burglary and Robbery Insurance, a specialized type of liability insurance designed to cover banks against theft, unauthorized taking of money or securities, and damages from burglary or robbery.
Learn about the beneficiary of trust, an essential term in general insurance. Understand who a beneficiary is and the benefits they receive from a trust.
A comprehensive explanation of the term 'Bailee' in legal terminology. Learn about the responsibilities and implications of being a Bailee, a person entrusted with the belongings of another.
Learn what a brokerage fee is in the context of insurance. Discover how brokers earn their fees by selling insurance policies and what it means for policyholders.
Understand blanket coverage in health insurance. Learn how it differs from individual and group plans, providing comprehensive coverage for various risks under one plan.
Understand the term 'Book of Business' in general insurance, which refers to the cumulative total of all insurance policies written by a company or agent.
Explore the concept of Binding Receipt in Property Insurance, a temporary contract ensuring coverage upon premium payment with the application. Learn how this differs from Conditional Receipt in health or life insurance.
Dive into the essentials of Business Liability Insurance, covering property damage, personal injury, fire damage, and bodily injury. Protect your business with the right insurance coverage.
Discover what Bobtail Liability Insurance is and why it is essential for commercially used tractor-trailer trucks returning to a terminal. Explore coverage details and benefits.
Learn about buy-back deductible in general insurance, where a deductible can be eliminated by paying an extra premium. Understand its implications, benefits, and scenarios where it is applicable.
Learn what 'back load' means in the context of general insurance, focusing on expenses deducted at the time benefits are paid out.
Learn about the blackout period in life insurance, the timeframe when a deceased person’s spouse stops receiving survivor benefits and starts receiving retirement benefits.
Discover the concept of Blanket Limit in general insurance, which determines the maximum amount of coverage a company will provide in a specific area.
Explore the concept of Boot in general insurance terms. Understand how it serves as consideration for a tax-free transfer of property, often involving money or other property.
Learn about the Broad Form Property Damage Endorsement in general liability insurance that negates the exclusion for property in the care or custody of the insured.
Learn about the term 'Borderline Risk' in general insurance, referring to an applicant of doubtful quality based on underwriting standards. Discover its implications and how it affects insurance underwriting processes.
Explore the concept of brokerage in general insurance, including the commission paid to brokers and insurance placement through brokers. Learn how these terms impact your insurance policy.
Learn about Business Interruption Insurance which covers lost income due to an interruption in business caused by a covered loss. Explore its benefits and applications.
Broad form cause of loss in property insurance covers most reasons for a loss, making it a comprehensive option for homeowners. Learn the specifics and benefits.
Learn about Binomial Distribution, a pivotal function used to predict the probability of future events in the context of general insurance.
Learn about blended insurance programs that combine finite risk, reinsurance, and traditional insurance for comprehensive long-term coverage.
Learn about the term 'Benefit' in the context of general insurance. Discover how benefit amounts are paid to beneficiaries or participants in retirement plans.
Discover the essentials of Broad Form Personal Theft Insurance, a crucial part of homeowner’s insurance that protects against theft, vandalism, and malicious mischief at private residences.
