Insurance Glossary

Plain-English definitions for 59+ insurance terms. No jargon to explain jargon — just clear answers so you can understand your policy with confidence.

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B

Business Owner's Policy (BOP)

A bundled insurance policy that combines general liability and commercial property coverage into a single, cost-effective package.

Business Insurance

C

Commercial Auto Insurance

Insurance that covers vehicles owned or used by a business.

Business Insurance

Cyber Liability Insurance

Coverage that helps businesses recover from data breaches, cyberattacks, and other technology-related security incidents.

Business Insurance

D

Directors and Officers Insurance (D&O)

Insurance that protects the personal assets of corporate directors and officers if they are sued for alleged wrongful acts while managing a company.

Business Insurance

G

General Liability Insurance

Coverage that protects your business from claims of bodily injury, property damage, and advertising injury caused by your operations or products.

Business Insurance

P

Professional Liability Insurance (E&O)

Coverage that protects professionals and businesses from claims of negligence, errors, or failure to perform professional duties.

Business Insurance

W

Workers' Compensation

Insurance that provides wage replacement and medical benefits to employees who are injured or become ill on the job.

Business Insurance