Insurance Nerds Unite

Edit Answers
1234567891011121314
Across
  1. 4. employment practices liability coverage refers to a separate insuring agreement contained within employment practices liability insurance (EPLI) policies that covers liability claims brought by nonemployees (typically, customers, clients, and vendors) against employees of the insured organization.(two words)
  2. 6. is for loss caused by enforcement of ordinances or laws regulating construction and repair of damaged buildings.(three words)
  3. 8. the proportionate relationship of incurred losses to earned premiums expressed as a percentage. (two words)
  4. 9. is a provision of an insurance policy or bond referring to hazards, perils, circumstances, or property not covered by the policy.
  5. 12. provides coverage that is triggered when a claim is made against the insured during the policy period, regardless of when the wrongful act that gave rise to the claim took place.(two words)
  6. 13. EIL stands for(three words)
  7. 14. the cost to repair or replace the damaged property, minus depreciation
Down
  1. 1. is the factor by which a standard workers compensation premium is multiplied to reflect an insured's actual loss experience.(two words)
  2. 2. another name for Boiler & Machinery coverage (two words)
  3. 3. ISO stands for (three words)
  4. 5. A named insured's impetus for providing_______ status to others may be a desire to protect the other party because of a close relationship with that party (e.g., wanting to protect church members performing services for the insured church) or to comply with a contractual agreement requiring the named insured to do so(two words)
  5. 7. is defined as a property insurance provision that penalizes the insured's loss recovery if the limit of insurance purchased by the insured is not equal to or greater than a specified percentage (commonly 80 percent) of the value of the insured property.
  6. 10. a combination of critical coverages designed to protect directors, officers, managers, and business entities from exposure arising from governance, finance, benefits, and management activities. Also referred to as executive liability insurance, this includes directors and officers (D&O) liability, employment practices liability (EPL), fiduciary liability, and "special crime" insurance. These coverages may be written as stand-alone insurance policies or combined into a single "package" policy.(two words)
  7. 11. property insurance that insures against loss to covered property from all fortuitous causes except those that are specifically excluded. (two words)