Expenditures incurred to improve a specific real estate development; however, these improvements are not directly on the property. Example are curbs, driveways, and streets....

A clearly stated notice that an owner or operator will not assume responsibility for an inherent risk. For example, at a parking garage, a large notice of nonresponsability clearly states the management is not responsible for any valuables left in a car or damage which may occur while the car is par...

Costs associated with the general administration of the insurance organization to include such items as utilities, rent, salaries, postage, furniture, and housekeeping charges....

Same as term Expected Loss: probability of loss upon which a basic premium rate is calculated....