Choose coverage after a loss.Commercial and industrial-property insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. FM Global has begun offering policyholders an option that allows them to choose the type of business-interruption coverage after a loss occurs and up to claim settlement rather than at policy inception INCEPTION. The commencement; the beginning. In making a will, for example, the writing is its inception. 3 Co. 31 b; Plowd. 343. Vide Consummation; Progression. . The policy enhancement, Time Element Select, provides the choice of a gross-earnings or gross-profit loss adjustment. It became available with policies written on or after Jan. 1. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion