Entries from Consumer Insurance Blog tagged with 'definitions'

Lingo watch: endorsement

An endorsement or a "rider" is an optional, written addendum to a basic insurance policy that modifies the terms of the insurance contract. Generally, an endorsement would be added to protect the insured by expanding or limiting the coverage in...

Lingo watch: Business Owners Policy (BOP)

Business Owners Policy - also known as BOP - a type of insurance purchased by small to mid-sized businesses that combines several forms of business insurance in one package, usually at a more affordable price than buying each policy separately....

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