Description Of Insurance Coverages

Front 1

Accident benefits

Back 1

A Canadian no-fault automobile coverage that is payable by the insured's insurer regardless of fault for the accident

Front 2

Automobile property damage

Back 2

A subcoverage of automobile liability insurance and provides protection to the insured against a claim or suit for damage to the property of a third-party arising from the operation of an automobile

Front 3

Collision

Back 3

a subcoverage of automobile physical damage coverage providing protection against claims resulting from any damages to the insured's vehicle caused by collision with another vehicle or object. Responding to the claims for the insured when he or she is at fault

Front 4

Commercial automobile liability

Back 4

A coverage that provides protection from the liability that can arise fromm the business use of owned, hired, or borrowed automobiles or from the operation of an employee's automobiles on behalf of the business.

Front 5

Crime insurance

Back 5

Protects individuals and organizations from loss of money, securities, or inventory resulting from crime, including but not limited to: employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, and counterfeiting.

Front 6

Direct compensation

Back 6

A Canadian automobile coverage that provides for damage to, or loss of use of, an automobile or its contents, to the extent that the driver of another vehicle was at fault for the accident. Even though someone else caused the damage, the insured person collects directly from his of her insurer instead of from the person who caused the accident.

Front 7

General liability

Back 7

In the U.S. and Canada covers a wide array of insurance products. The principal exposers are: premises liability, operations liability, products liability, completed operations liability, and professional (error and omissions) liability.

Front 8

Medical malpractice

Back 8

Often separated into hospital professional and physician/surgeon professional liability insurance, this coverage responds to the unique general liability exposures present for insureds offering medical care and related professional services.

Front 9

Personal automobile insurance

Back 9

Also known as private passenger automobile insurance, providing a variety of coverages, including first and third party coverages.

Front 10

Primary insurance

Back 10

Refers to the first layer of insurance coverage; pays compensation in the event of claims arising out of an insured event ahead of any other insurance coverages that the policyholder may have.

Front 11

Private passenger automobile liability

Back 11

Provides third party liability protection to the insured against a claim or suit for bodily injury or property damage arising out of the operation of a private passenger automobile.

Front 12

Property insurance

Back 12

Provides protection against most risks to property, such as fire, theft, and some weather damages. Specialized forms include: fire insurance, flood insurance, earthquake insurance, home insurance, and boiler and machinery insurance.

Front 13

Umbrella and excess insurance

Back 13

Refers to liability types of coverage available to individuals and companies protection them against claims above and beyond the amounts covered by primary insurance policies of in some circumstances for claims not covered by the primary policies.

Front 14

U.S. workers compensation

Back 14

Provides coverage for the benefits the insured (the employer) becomes legally responsible for due to workplace injury, illness, and/or disease. Also covers the cost to defend against, and possibly pay, liability claims made against the employer(the insured) on account of bodily injury to an employee.