Additional Insured

A document issued by an insurer or agent that verifies the existence of insurance coverage and summarizes key policy information for third parties.

A written amendment or addition to an insurance policy that modifies the coverage, terms, or conditions.

The person or entity specifically identified in an insurance policy as the insured, having full rights and responsibilities under the policy.

A business professional who analyzes probabilities of risk and risk management, including calculation of premiums, dividends, and other applicable insurance industry standards.

The person or entity covered by an insurance policy and protected against specified losses or risks.

The process by which an insurer evaluates the risk of insuring a person or property and determines coverage terms and premium rates.

Insurance purchased by insurance companies to transfer portions of their risk portfolios to other insurers, reducing the likelihood of large payouts from claims.