Business Insurance


Definition of "Business insurance"

Coverage designed to protect against loss exposures of business firms, as opposed to those of individuals.



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Related Real Estate Glossary terms

Income Replacement

Benefit in disability income insurance whereby an injured or ill wage earner receives a monthly inco ...

Statutory Accounting

Rules that insurance companies must follow in filing an annual financial statement known as the conv ...

Inheritance

Personal property or real property that are passed on to heirs upon one's death. ...

Bankruptcy (personal)

Legal mechanism available for a person who is over his head financially and is unable to meet his fi ...

Incurred Loss Ratio

Proportion of losses incurred to premiums earned. This ratio indicates the amount of a premium dolla ...

Flexible Loan Insurance Program (FLIP)

A graduated payment mortgage (GMP) developed to overcome the negative amortization aspects of the GM ...

Related Real Estate FAQ

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is Freddie Mac?

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

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