Category: L

Claims reported late give the insurer extra money due to this factor introduced to permit development of losses and reimbursement.

Disability benefits for disabled workers incapable of work. Covers current or future income loss.

IRS rule: corporation cannot file one tax return covering the corporation that includes subsidiaries owned by a third party. This prevents corporate use of losses incurred by the other owner, not the corporation.

Lost chance to sell a potential buyer a specific item. Excluding it as a standard business peril in this circumstance from certain contracts is typically done.

When new equity is issued after a trigger event. It is a contingency measure.

the term used when a person who has committed a major criminal act and is not allowed to vote.

Maximum loss estimate most likely due as an exposure. the insured takes special attention to loss prevention measures.

Severe damage making an insured item a total loss because the item is no longer what it was when undamaged. Water soaked cement is an example.

Risk management techniques used to prevent loss and increase profit.

In a particular time frame, loss reoccurrence tally.