Specific presentations, performances or celebrations that mark a special occasion or are used to achieve goals and objectives. Special events usually fall outside an organization’s scope of normal operation.

Actual loss from the natural, not the necessary, consequences of the subject of complaint; e.g., specific payments for medical bills or car repairs. In third party claims, it means the damages that may be proved with documents.

Potential liability for bodily injury or property damage arising out of the negligent serving or distribution of alcohol by a non-business enterprise (i.e. homeowner).

Essentially, the devaluation by smoke, not fire, of merchandise and property. Such damage is covered by the fire policy.

The part of the insurance cycle in which there is insurance capacity and policies are sold at lower prices (see also Hard market).

The oral utterance or spreading of falsehood harmful to another’s reputation. Libel is written; slander is spoken.

The cancellation by the insured of a policy before its natural expiration; the insurer pays a return premium which is less than the proportionate part that remains unearned.

See Uninsured motorist coverage.

See Collision coverage.