Insurance Agents And Brokers Liability Insurance


Definition of "Insurance agents and brokers liability insurance"

Coverage for acts or omissions committed by an agent or broker resulting in adequate insurance in the event of a liability suit or property damage to a client.

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Popular Real Estate Terms

Annual Report

Statement of the financial condition of the insurance company, as well as significant events during the year in which the company has been involved an ...

Structured Settlement

Periodic payments to an injured person or survivor for a determinable number of years or for life typically in settlement of a claim under a liability ...

Power Interruption Insurance Endorsement

Addition to boiler and machinery insurance that covers loss to property or equipment caused by an interruption of power by a public utility. Coverage ...

Worldwide Coverage

Endorsement to the commercial general liability insurance (CGL) policy that provides liability coverage to an insured business for damages anywhere in ...

Bond, Blanket

Same as term Blanket Position Bond: covers all employees of a business on a blanket basis with the maximumlimit of coverage applied separately to each ...

Misrepresentation (false Pretense)

Intent to defraud. An insured is required to answer truthfully all questions on the application. The insurance company can void a contract if it would ...

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