Bailee
- 25/11/2020
- Posted by: EcuaRe
- Categories:
No CommentsA person or concern having possession of property committed in trust from the owner.
Bid Bond
- 25/11/2020
- Posted by: EcuaRe
- Categories:
A guarantee that the contractor will enter into a contract, if it is awarded to him, and furnish such contract bond (sometimes called “performance bond”) as is required by terms thereof.
Binder
- 25/11/2020
- Posted by: EcuaRe
- Categories:
A temporary or preliminary agreement which provides coverage until a policy can be written or delivered.
Bodily Injury
- 25/11/2020
- Posted by: EcuaRe
- Categories:
Any physical injury to a person. The purpose of liability insurance is to cover bodily injury to a third party resulting from the negligent or unintentional acts of an insured.
Boiler and Machinery Insurance
- 25/11/2020
- Posted by: EcuaRe
- Categories:
Covers losses resulting from the malfunction of boilers and machinery. This coverage is usually excluded from property insurance creating the need for this separate product.
Broker
- 25/11/2020
- Posted by: EcuaRe
- Categories:
A licensed person or organization paid by you to look for insurance on your behalf.
Burglary
- 25/11/2020
- Posted by: EcuaRe
- Categories:
Coverage against loss as a result of forced entry into premises.