Understand the Basic Limits of Liability in general insurance, defining the minimum amount for which a liability policy can be written according to published rates or the law.
Explore the Beneficiary Clause in general insurance, allowing the insured to designate and change a beneficiary at any time. Learn its importance and implementation.
Learn about Blanket Bond (Criminal), a type of fidelity bond that provides coverage for losses due to dishonest acts committed by any employee.
Learn about the term 'Block of Policies' in general insurance. Understand what it means, its significance, and how insurance companies use it.
Learn about the borrowing authority of the Pension Benefit Guaranty Corporation (PBGC) and how it issues Treasury notes to secure necessary funds.
Learn about brokerage business in general insurance, where business is brought in by a broker to an insurance company. Understand the mechanisms and significance of brokerage business.
Learn about builder's risk coverage forms in property insurance, a specialized coverage for buildings under construction. Get complete insights into its importance and benefits.
Explore the concept of the Burning Cost Ratio in reinsurance, understanding its definition, calculation based on different reinsurance policies, and its crucial role in assessing insurer liabilities and premium income.
Learn about business interruption in liability insurance, its definition, and how it affects the daily operations of a business due to unforeseen losses.
Learn about Business Life and Health Insurance, a crucial form of liability insurance that assists businesses in funding day-to-day operations if a key person is lost.
Learn about Business Owner’s Policy (BOP), which provides comprehensive liability and property coverage tailored for small businesses. Ideal guidance for securing your business assets.
Learn about the concept of bailment, a legal term referring to the temporary entrustment of property to another person. Understand its implications and applications.
Explore the concept of blanket insurance in both health and property insurance, where entire groups or multiple types of properties are covered under a single contract.
Learn about bodily injury in health insurance, which covers physical damage to a person's body. Discover what this term means and its implications for your healthcare coverage.
Learn what Bordereau is in reinsurance, how it helps ceding companies provide essential information to reinsurers, and its impact on loss history and premium history.
Explore the concept of Bottomry in Property Insurance, an insurance contract using a ship or its cargo as collateral for maritime voyage loans. Learn how it impacts loan repayments in maritime losses.
Learn about breach of contract, a common legal issue where one party fails to fulfill their contractual obligations, and its implications in law and insurance.
Learn about the Basic Mortality Table, a tool used in general insurance that lists actual ages of death without probability adjustments. Understand its importance and application.
Learn about the brokerage department within an insurance company, including its role in placing insurance with brokers and its importance in general insurance operations.
Learn about the Business Income Coverage Form in Property Insurance, which provides coverage against losses due to property damage, including loss of business.
Explore the essentials of business and personal property coverage forms, which provide crucial protection for buildings and the property contained within them.
