Liability
Legal responsibility for injury or damage to others.
Liability Limit
The maximum amount the policy will pay for covered liability claims, often expressed per occurrence and aggregate.
Medical Payments (MedPay)
Coverage that helps pay medical expenses for people injured on your property, regardless of fault, up to a stated limit.
Occurrence
An accident or repeated exposure to conditions that results in bodily injury or property damage during the policy period.
Personal Injury
Coverage for specific non-physical harms such as libel, slander, or certain privacy violations, when included.
Property Damage (PD)
Physical injury to or destruction of another person’s property.
Umbrella Policy
Extra liability coverage that increases limits above underlying policies, often with broader protection.
Per Occurrence
The maximum amount a policy will pay for a single covered event.
Errors & Omissions (E&O)
Liability coverage that can protect professionals for claims arising from alleged mistakes or failure to perform professional services.
Bodily Injury (BI)
Injury, sickness, or disease sustained by a person, including death resulting from these conditions.