Standard general liability policies include an exclusion for loss arising out of pollution. For certain exposures this exclusion may be modified. e.g., “sudden and accidental” pollution arising from a fire.

Same as Insured.

Period between anniversary dates.

Geographic area in which the damage or injury must occur for coverage to apply.

Duration of policy, most often one year in property/casualty insurance.

In the unlikely event of the collapse of a home, car or business insurance company in Canada, the industry-funded, non-profit Property and Casualty Insurance Compensation Corporation (PACICC) will respond to claims of policyholders under most policies issued by home, car…

This is the branch of the insurance industry that covers home, car and business insurance. (The other branch of the industry is life and health insurance.)

Protects professionals against liability for damages and cost of defense based upon his/her alleged or real professional errors and omissions or mistakes, e.g., architects, engineers, medical malpractice, attorneys.

The maximum amount an insurer will pay under a policy, either overall or under a particular coverage.