top of page
COMMONLY USED TERMS AND ACRONYMS IN GENERAL INSURANCE
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
General Average :: In insurance, a situation in which a loss, resulting from a deliberate act of sacrifice to save other goods, is shared by the insurers concerned (such as the insurer of a vessel and the insurer of its cargo where part of the cargo has been jettisoned-and lost – to save the ship).
Glass Insurance :: Protection for loss of or damage to glass and its appurtenances.
Gross Negligence :: The intentional failure to perform a manifest duty in reckless disregard of the consequences as affecting the file or property of another.
Group Insurance :: Insurance written on a number of people under a single master policy, issued to their employer or to an association with which they are affiliated.
bottom of page