Insurance Terms of the Week

 In Colorado Insurance Professional


1) An amount of money payable yearly or, at other regular intervals. 2) An agreement by an insurer to make periodic payments that continue for a specified period.


An unexpected event, unforeseen and unintended.

Business Insurance:

Life or Health or Disability insurance written to cover business situations such as key person, sole proprietor, partnership, corporations, etc.


The withholding of facts by an applicant for insurance that materially affects an

insurance risk or loss.

Contingent Business Income:

A Time-Element coverage that protects the insured against Indirect Loss that results because of a Direct Loss to a supplier, buyer or leader location.

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