Insurance Glossary
Most often stands for Professional Indemnity but is also used for Personal Injury and Prize Indemnity
Insurance coverage that responds first to a claim and which covers from the first dollar of a loss (but may be subject to a deductible).
Extension in coverage that pays the insured in the event that their operations are stopped due to problems with a public regulated entity (for example water, sewage, power, etc.).
For liability see Financial Loss
If you can’t find a term or abbreviation you are looking for, or if you think an explanation could be improved, please send in your comments.