Irmi.com All Insurance

Plans & Pricing - Insurance Information | IRMI.com

Details: Answers You Need, When You Need Them! Buyers and sellers of insurance benefit from IRMI products! Whether you buy, sell or write general lines or are more specialized, IRMI's researchers have put together resources that will make it easier to do your job.

› Verified 2 days ago

› Url: https://www.irmi.com/plans-and-pricing Go Now

• Get more: Irmi onlineGo Now

Insurance | Insurance Glossary Definition | IRMI.com

Details: An insurance policy that provides coverage for an employer's two key exposures arising out of injuries sustained by employees. Part One of the policy covers the employer's statutory liabilities under workers compensation laws, and Part Two of the policy covers liability arising out of employees' work-related injuries that do not fall under the workers compensation statute.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/insurance Go Now

• Get more: Irmi insurance ce classesGo Now

What's New | Product Updates | IRMI.com - Insurance Education

Details: 2021 Insurance Industry Outlook, Black Swan or Not Black Swan, and Structuring Risk Capital Topics in CICR December 2020 Churches and Religious Institutions Exposures and Risk Management Discussions Added to Professional Liability Insurance

› Verified 6 days ago

› Url: https://www.irmi.com/whats-new Go Now

• Get more: Cyber insurance irmiGo Now

Free Resources - Insurance Information | IRMI.com

Details: Insurance Industry Links. This directory provides links to about 1,000 handpicked websites of governmental agencies and associations that are particularly useful to risk professionals. You can use this list to focus your Internet search on relevant insurance and risk management websites. Learn More

› Verified 6 days ago

› Url: https://www.irmi.com/free-resources Go Now

• Get more: Irmi insurance termsGo Now

Continuing Education | IRMI.com

Details: Surpass your career goals or build a high-performing sales team with the latest innovation in online training for insurance professionals. EXCEED is a cutting-edge, completely web-based training solution that can bridge knowledge gaps or build a solid foundation of insurance product expertise. LEARN MORE

› Verified 2 days ago

› Url: https://www.irmi.com/continuing-education Go Now

• Get more: Irmi insurance checklistsGo Now

Insurance Regulators | IRMI.com

Details: Missouri - Department of Insurance, Financial Institutions & Professional Registration Montana - Montana State Auditor's Office Nebraska - Nebraska Department of Insurance

› Verified 2 days ago

› Url: https://www.irmi.com/free-resources/insurance-industry-links/insurance-regulators Go Now

• Get more: Irmi insurance glossaryGo Now

Who Wants To Be an Insured? | Expert Commentary | IRMI.com

Details: It is common for businesses to involve multiple corporate, partnership, and joint venture entities, and there are a number of subtle nuances that can effect how insurance coverage applies to these entities. Care must be taken to identify them and assure that insured status is properly provided under CGL policies. Learn how in this insightful article.

› Verified 6 days ago

› Url: https://www.irmi.com/articles/expert-commentary/who-wants-to-be-an-insured Go Now

• Get more: Risk management insuranceGo Now

Insurance Trade Organizations | IRMI.com

Details: Contact IRMI. International Risk Management Institute, Inc. 12222 Merit Drive, Suite 1600 Dallas, TX 75251-2266 (972) 960-7693 (800) 827-4242

› Verified 2 days ago

› Url: https://www.irmi.com/free-resources/insurance-industry-links/insurance-trade-organizations Go Now

› Get more:  Insurance QuotesGo Now

Public Officials Liability Insurance | Insurance Glossary

Details: Public Officials Liability Insurance — provides liability coverage for the errors and omissions of public officials. In effect, such policies serve the same function for elected/appointed officials of state and local government as directors and officers (D&O) insurance serves for the directors and officers of corporations.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/public-officials-liability-insurance Go Now

› Get more:  Insurance QuotesGo Now

Allocation | Insurance Glossary Definition | IRMI.com

Details: Commercial Liability Insurance. Our most popular product, this reference analyzes standard CGL and other liability policies. Online subscriptions include samples of all the ISO countrywide CGL and employment practices forms (current editions and some past editions) and a selection of AAIS forms.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/allocation Go Now

› Get more:  Insurance QuotesGo Now

Default Insurance | Insurance Glossary Definition | IRMI.com

Details: Default Insurance — designed as an alternative to bonding contractors, default insurance is first-party insurance that compensates the insured in the event a covered contractor or subcontractor fails to fulfill its contractual obligations. Insureds are required to develop and implement rigorous contractor prequalification procedures and to

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/default-insurance Go Now

› Get more:  Insurance QuotesGo Now

Underlying Coverage | Insurance Glossary Definition | IRMI.com

Details: Commercial Liability Insurance. Our most popular product, this reference analyzes standard CGL and other liability policies. Online subscriptions include samples of all the ISO countrywide CGL and employment practices forms (current editions and some past editions) and a selection of AAIS forms.

› Verified 12 days ago

› Url: https://www.irmi.com/term/insurance-definitions/underlying-coverage Go Now

› Get more:  Insurance QuotesGo Now

Self-Insurance | Insurance Glossary Definition | IRMI.com

Details: Self-insurance is a means of capturing the cash flow benefits of unpaid loss reserves and offers the possibility of reducing expenses typically incorporated within a traditional insurance program. It involves a formal decision to retain risk rather than insure it and is distinguished from noninsurance or retention of risks through deductibles

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/self-insurance Go Now

› Get more:  Insurance QuotesGo Now

Agent | Insurance Glossary Definition | IRMI.com

Details: An insurance agent is a person or organization who/that solicits, negotiates, or instigates insurance contracts on behalf of an insurer and can be independent or an employee of the insurer. Insurance agents are the legal representatives of insurers, rather than policyholders, with the right to perform certain acts on behalf of the insurers they

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/agent Go Now

› Get more:  Insurance QuotesGo Now

Syndicate | Insurance Glossary Definition | IRMI.com

Details: Insurance exchanges, such as Lloyd's of London, use syndicates to write insurance. Related Terms. Lloyd's of London. An association of independent underwriters operating in England. It is not an insurance company; rather, it operates as a marketplace for large and/or unusual insurance exposures where brokers representing insurance applicants

› Verified 9 days ago

› Url: https://www.irmi.com/term/insurance-definitions/syndicate Go Now

› Get more:  Insurance QuotesGo Now

Insurance Risk Score | Insurance Glossary Definition

Details: Insurance Risk Score — a measure developed by insurers based on credit information obtained from the three major U.S. credit bureaus and used as an underwriting tool. Such information includes payment history, number of accounts open, and bankruptcy filings but has nothing to do with a consumer's assets.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/insurance-risk-score Go Now

› Get more:  BankGo Now

Segregation | Insurance Glossary Definition | IRMI.com

Details: It is designed to help insurance buyers, and their agents and brokers do a better and quicker job of auditing their insurance programs to reduce insurance costs without giving up necessary protection—a gold mine of 101 tried-and-true strategies! Learn More. Risk & Insurance Package.

› Verified 10 days ago

› Url: https://www.irmi.com/term/insurance-definitions/segregation Go Now

› Get more:  AuditingGo Now

Property Insurance: Coinsurance | Expert Commentary | IRMI.com

Details: In health insurance, it may be used as a means of risk sharing between insured and insurer as a means to lower the insured's monthly premium cost. For example, covered expenses above the deductible may be shared 80 percent insurer/20 percent insured until a policy-stated total is reached. If the total was $2,500, then the insurer would assume

› Verified 2 days ago

› Url: https://www.irmi.com/articles/expert-commentary/property-insurance-coinsurance Go Now

› Get more:  HealthGo Now

Cargo Insurance | Insurance Glossary Definition | IRMI.com

Details: Property insurance for property in transit over land, certain types of moveable property, instrumentalities of transportation (such as bridges, roads, and piers), instrumentalities of communication (such as television and radio towers), and legal liability exposures of bailees.

› Verified 6 days ago

› Url: https://www.irmi.com/term/insurance-definitions/cargo-insurance Go Now

› Get more:  Insurance QuotesGo Now

In Rem Endorsement | Insurance Glossary Definition | IRMI.com

Details: In Rem Endorsement — a workers compensation coverage endorsement extending coverage for suits filed against the value of the ship by an injured crew member seeking for the recovery of damages.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/in-rem-endorsement Go Now

› Get more:  Insurance QuotesGo Now

Sales | Insurance Glossary Definition | IRMI.com

Details: Commercial Liability Insurance. Our most popular product, this reference analyzes standard CGL and other liability policies. Online subscriptions include samples of all the ISO countrywide CGL and employment practices forms (current editions and some past editions) and a selection of AAIS forms.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/sales Go Now

› Get more:  Insurance QuotesGo Now

Wholesale Broker | Insurance Glossary Definition | IRMI.com

Details: An insurance agent who acts as an intermediary between an insured and the marketplace. In some instances, retail agents deal directly with an insurer in arranging coverage, while in others, retail agents work with managing general agents or wholesale brokers to secure coverage for their client-insured.

› Verified 6 days ago

› Url: https://www.irmi.com/term/insurance-definitions/wholesale-broker Go Now

› Get more:  Insurance QuotesGo Now

Parametric Insurance | Insurance Glossary Definition

Details: Parametric Insurance — an agreement under which an entity assuming risk (the "insurer") agrees to pay the indemnitee (the "insured") an agreed amount upon the occurrence of a specified event, such as an earthquake or hurricane of specified intensity.

› Verified 10 days ago

› Url: https://www.irmi.com/term/insurance-definitions/parametric-insurance Go Now

› Get more:  Insurance QuotesGo Now

Glossary - Insurance Information | IRMI.com

Details: Contact IRMI. International Risk Management Institute, Inc. 12222 Merit Drive, Suite 1600 Dallas, TX 75251-2266 (972) 960-7693 (800) 827-4242

› Verified 6 days ago

› Url: https://www.irmi.com/glossary?taxonomy=alphanumeric&propertyName=tags&taxon=e Go Now

› Get more:  Insurance QuotesGo Now

Insurance Requirements | Insurance Glossary Definition

Details: Insurance Requirements — the part of a commercial contract in which the types and minimum amounts of insurance the parties agree to provide in connection with their performance of the contract are specified.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/insurance-requirements Go Now

› Get more:  Insurance QuotesGo Now

Guaranteed Cost Insurance | Insurance Glossary Definition

Details: Captive Insurance Company Reports. Since 1977, CICR has been educating captive practitioners on diverse captive topics such as fronting and reinsurance, collateral pressures and options, tax, legal matters and claims, domicile challenges and issues, regulatory developments, and so forth.

› Verified 11 days ago

› Url: https://www.irmi.com/term/insurance-definitions/guaranteed-cost-insurance Go Now

› Get more:  Insurance QuotesGo Now

Financial Guarantee Insurance | Insurance Glossary

Details: Financial Guarantee Insurance — insurance that covers financial loss resulting from default or insolvency, interest rate level changes, currency exchange rate changes, restrictions imposed by foreign governments, or changes in the value of specific goods or products.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/financial-guarantee-insurance Go Now

› Get more:  Insurance QuotesGo Now

Other Insurance and the CGL Policy | Expert Commentary

Details: The other insurance must also be available to the insured. For example, the court in Federal Ins. Co. v. Empire Mut. Ins. Co., 181 A.2d. 568, 569 (N.Y. App. Div. 1992) observed: Other insurance and concurrent coverage exists where there are two or more insurance policies covering the same interest and against the same risk. [Emphasis added.]

› Verified 6 days ago

› Url: https://www.irmi.com/articles/expert-commentary/other-insurance-and-the-cgl-policy Go Now

› Get more:  Insurance QuotesGo Now

Risk Purchasing Group (RPG) | Insurance Glossary

Details: Captive Insurance Company Reports. Since 1977, CICR has been educating captive practitioners on diverse captive topics such as fronting and reinsurance, collateral pressures and options, tax, legal matters and claims, domicile challenges and issues, regulatory developments, and so forth.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/risk-purchasing-group Go Now

› Get more:  Insurance QuotesGo Now

Ostensible Agency Liability | Insurance Glossary

Details: Professional Liability Insurance. Your one-stop shop for information about D&O, EPL, Professional liability, and more. The policy analyses and comparisons will help you determine which policies are best, and design the broadest coverage.

› Verified 12 days ago

› Url: https://www.irmi.com/term/insurance-definitions/ostensible-agency-liability Go Now

› Get more:  Insurance QuotesGo Now

Vendors Coverage | Insurance Glossary Definition | IRMI.com

Details: Commercial Liability Insurance. Our most popular product, this reference analyzes standard CGL and other liability policies. Online subscriptions include samples of all the ISO countrywide CGL and employment practices forms (current editions and some past editions) and a selection of AAIS forms.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/vendors-coverage Go Now

› Get more:  Insurance QuotesGo Now

Reformation | Insurance Glossary Definition | IRMI.com

Details: Professional Liability Insurance. Your one-stop shop for information about D&O, EPL, Professional liability, and more. The policy analyses and comparisons will help you determine which policies are best, and design the broadest coverage.

› Verified 9 days ago

› Url: https://www.irmi.com/term/insurance-definitions/reformation Go Now

› Get more:  Insurance QuotesGo Now

Joint Underwriting Association (JUA) | Insurance Glossary

Details: Professional Liability Insurance. Your one-stop shop for information about D&O, EPL, Professional liability, and more. The policy analyses and comparisons will help you determine which policies are best, and design the broadest coverage.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/joint-underwriting-association Go Now

› Get more:  Insurance QuotesGo Now

Surface Water Exclusions in the - Insurance Information

Details: 1 Id. citing State Farm Lloyds v. Marchetti, 962 S.W.2d 58, 61 (Tex. App. 1997, pet. denied) (emphasis added); see alsoTransamerica Ins. Co. v. Raffkind, 521 S.W.2d 935, 939 (Tex. Civ. App. 1975, no writ [emp. italics]) ("[W]e hold that the term surface water is used in the policy to mean natural precipitation coming on and passing over the surface of the ground until it either evaporates, or

› Verified 2 days ago

› Url: https://www.irmi.com/articles/expert-commentary/surface-water-exclusions-in-the-homeowners-policy Go Now

› Get more:  Insurance QuotesGo Now

COPE | Insurance Glossary Definition | IRMI.com

Details: It is designed to help insurance buyers, and their agents and brokers do a better and quicker job of auditing their insurance programs to reduce insurance costs without giving up necessary protection—a gold mine of 101 tried-and-true strategies! Learn More. Risk & Insurance Package.

› Verified 6 days ago

› Url: https://www.irmi.com/term/insurance-definitions/cope Go Now

› Get more:  AuditingGo Now

Other Insurance and Allocation in Construction Defect

Details: Concurrent versus Continuous Other Insurance. Our subject is the allocation of defense and indemnity payments to multiple periods involving multiple policies and uninsured periods if any—a continuous other insurance approach. In focus is the availability of more than one policy to a loss involving PD occurring during more than one policy period.

› Verified 2 days ago

› Url: https://www.irmi.com/articles/expert-commentary/other-insurance-and-allocation-in-construction-defect-claims Go Now

› Get more:  Insurance QuotesGo Now

Declaratory Judgment | Insurance Glossary Definition

Details: Declaratory Judgment — a special kind of judgment where a court declares the rights and obligations of parties to a written agreement. Where the parties to an insurance policy disagree as to the meaning of a policy term, either of them may file an action to obtain a declaratory judgment from a court as to what the policy term means.

› Verified 9 days ago

› Url: https://www.irmi.com/term/insurance-definitions/declaratory-judgment Go Now

› Get more:  Insurance QuotesGo Now

Loss Portfolio Transfer (LPT) | Insurance Glossary

Details: The cession of a book of business—for example, for an insurer withdrawing from writing a certain class of risk. Since the business has already been written, it is retroactive insurance, so it is a balance sheet only transaction (transfer of assets and liabilities).

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/loss-portfolio-transfer Go Now

› Get more:  BusinessGo Now

In Defense of Reinsurance | Expert Commentary | IRMI.com

Details: Insurance companies may buy excess-of-loss reinsurance, which is reinsurance that responds when a specific loss exceeds a certain dollar figure. Insurance companies also may purchase aggregate excess-of-loss reinsurance, which is reinsurance that responds based on the aggregate losses paid by an insurance company within a period of time.

› Verified 2 days ago

› Url: https://www.irmi.com/articles/expert-commentary/in-defense-of-reinsurance Go Now

› Get more:  Insurance QuotesGo Now

Riggers Liability Insurance | Insurance Glossary

Details: Riggers Liability Insurance — insurance for a contractor's liability arising out of the moving of property and equipment that belongs to others, such as lifting air-conditioning units onto a roof with a crane. The standard commercial general liability (CGL) policy does not cover this risk due to the exclusion for "personal property of others

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/riggers-liability-insurance Go Now

› Get more:  Insurance QuotesGo Now

Federal Excise Tax (FET) | Insurance Glossary Definition

Details: Captive Insurance Company Reports. Since 1977, CICR has been educating captive practitioners on diverse captive topics such as fronting and reinsurance, collateral pressures and options, tax, legal matters and claims, domicile challenges and issues, regulatory developments, and so forth.

› Verified 5 days ago

› Url: https://www.irmi.com/term/insurance-definitions/federal-excise-tax Go Now

› Get more:  Insurance QuotesGo Now

Self-Insured Retention (SIR) | Insurance Glossary

Details: An amount the insurer will deduct from the loss before paying up to its policy limits. Most property insurance policies contain a per-occurrence deductible provision that stipulates that the deductible amount specified in the policy declarations will be subtracted from each covered loss in determining the amount of the insured's loss recovery.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/self-insured-retention Go Now

› Get more:  Insurance QuotesGo Now

Unoccupied | Insurance Glossary Definition | IRMI.com

Details: It is designed to help insurance buyers, and their agents and brokers do a better and quicker job of auditing their insurance programs to reduce insurance costs without giving up necessary protection—a gold mine of 101 tried-and-true strategies! Learn More. Risk & Insurance Package.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/unoccupied Go Now

› Get more:  AuditingGo Now

Surety Bond | Insurance Glossary Definition | IRMI.com

Details: Written by highly regarded insurance experts, it provides key insight and practical guidance into a number of cutting-edge areas, such as delay coverage and green construction, that are barely touched by most other publications. Learn More. The Wrap-Up Guide - Print Edition.

› Verified 9 days ago

› Url: https://www.irmi.com/term/insurance-definitions/surety-bond Go Now

› Get more:  Insurance QuotesGo Now

Reinsurance Sidecar | Insurance Glossary Definition | IRMI.com

Details: Captive Insurance Company Reports. Since 1977, CICR has been educating captive practitioners on diverse captive topics such as fronting and reinsurance, collateral pressures and options, tax, legal matters and claims, domicile challenges and issues, regulatory developments, and so forth.

› Verified 9 days ago

› Url: https://www.irmi.com/term/insurance-definitions/reinsurance-sidecar Go Now

› Get more:  Insurance QuotesGo Now

101 Ways To Cut Business Insurance Costs | Product Page

Details: A gold mine of 101 tried-and-true strategies organized by the major commercial lines of coverage: Automobile Insurance, Commercial General Liability Insurance, Umbrella Liability Insurance, Workers Compensation, Workers Compensation Experience Rating, Property Insurance, Insurance Industry Relationships, Claims, Loss Control, Risk Financing, and other general recommendations.

› Verified 7 days ago

› Url: https://www.irmi.com/products/101-ways-to-cut-business-insurance-costs Go Now

› Get more:  AutoGo Now

Bid Bond | Insurance Glossary Definition | IRMI.com

Details: Written by highly regarded insurance experts, it provides key insight and practical guidance into a number of cutting-edge areas, such as delay coverage and green construction, that are barely touched by most other publications. Learn More. The Wrap-Up Guide - Print Edition.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/bid-bond Go Now

› Get more:  Insurance QuotesGo Now

Twisting | Insurance Glossary Definition | IRMI.com

Details: Twisting — the act of inducing or attempting to induce a policy owner to drop an existing life insurance policy and to take another policy that is substantially the same kind by using misrepresentations or incomplete comparisons of the advantages and disadvantages of the two policies.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/twisting Go Now

› Get more:  LifeGo Now

Facultative Reinsurance | Insurance Glossary Definition

Details: Captive Insurance Company Reports. Since 1977, CICR has been educating captive practitioners on diverse captive topics such as fronting and reinsurance, collateral pressures and options, tax, legal matters and claims, domicile challenges and issues, regulatory developments, and so forth.

› Verified 2 days ago

› Url: https://www.irmi.com/term/insurance-definitions/facultative-reinsurance Go Now

› Get more:  Insurance QuotesGo Now

Related topics