Business Insurance Glossary
A | B | C | D | E | F | G | H | I | L | M | N | O | P | Q | R | S | T | U | WUmbrella Liability Policy
A liability policy designed to provide liability protection above and beyond that provided by standard policies.
Underwriting
The process of identifying and classifying the degree of risk represented by a proposed insured.
Underwriting Risk
A measure of the risk that arises from under-estimating the liabilities from business already written or inadequately pricing current or prospective business.