Glossary

It is a crime involving the unlawful taking of the personal property of another person or business

Any Liability imposed on a person by a court of law

Damages payable for acts of omission, commission or negligence

Expenses incurred in the process of evaluating, befending and paying claims

A risk management technique whereby an activity that may result in the loss for a firm is avoided or abandoned.

Any conscious action (or decision not to act) intended to reduce the frequency, severity, of Accidental losses.