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a b c d e f g h i j k l m n o p q r s t u v w x y z 

Bancassurance  :: Involvement of banks in the traditional insurance market. 


Bill of lading  :: Document detailing the transfer of goods from a (foreign) supplier to a buyer. It may be used as a document of title. 


Bind :: In property and liability insurance, the agent customarily is given the authority to accept offers from prospective insured’s without consulting the insurer; in such cases, the agent is said to bind the insurer.


Blanket insurance  :: A policy designed to provide coverage under a single limit for two or more items (e.g. building and/or contents), two or more locations, or a combination of items and/or locations. 


Bonus-malus  :: A bonus-malus system is a No-claim Bonus (or No-claim Discount) system in which the premium level reached after a policyholder has made claims may be higher than that corresponding to the point of entry. The term is used throughout Continental Europe and elsewhere. 


Break Bulk  :: Carriage of goods other than by container. 


Broker  :: A marketing specialist who represents buyers of insurance and who deals with companies in arranging for the coverage required by the customer. 


Burglary  :: Breaking and entering into another person's property with felonious intent. 


Burning Ratio :: The ratio of losses suffered to the amount of insurance in effect.


Business Income Insurance :: Coverage for the reduction in revenue in the event of an insured peril.


Business Interruption Insurance  :: Protection for a business owner against losses resulting from a temporary shutdown because of fire or other insured peril. The insurance provides reimbursement for lost net profits and necessary continuing expenses.

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