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New Zealand Insurance Glossary

Our Insurance Glossary explains key business insurance terms to help you understand your policy options and existing coverage. With this resource, you can make informed decisions to effectively protect your business.

A - B

Accident
Accumulation
Act of God
Additional Insured
Adjuster
Aggregate Limit
Arbitration
Assessed Value
Assigned Risk
Assumption of Risk
Bailee
Blanket Coverage
Bodily Injury

C - D

Cancellation
Care, Custody, or Control
Casualty Insurance
Catastrophe
Certificate of Insurance
Claim
Claims-Made Policy
Class Action
Coinsurance
Commercial Lines
Consequential Loss
Contract Bond
Coverage Territory
Declarations
Deductible
Deposit Premium
Dispute Resolution
Duty of Disclosure

E - G

Endorsement
Excess
Exclusion
Exposure
Extended Reporting Period
Financial Lines
First Party
Force Majeure
Good Faith
Grace Period

H - J

Hazard
Hold Harmless Agreement
Inception Date
Indemnify
Indemnity Period
Insurable Interest
Insured
Insurer
Intermediary
Joint and Several Liability

L - M

Lapse
Liability
Limit of Indemnity
Line of Business
Loss Ratio
Market Value
Material Fact
Misrepresentation
Moral Hazard

N - P

Named Insured
Negligence
Net Premium
Non-Disclosure
Occurrence Policy
Operating Ratio
Peril
Policy
Policy Period
Premium
Proof of Loss
Pure Risk

Q - T

Rate
Reinsurance
Renewal
Replacement Cost
Retention
Retroactive Date
Risk
Salvage
Schedule
Self-Insurance
Settlement
Subrogation
Surety Bond
Territory
Total Loss
Trade Credit

U - Z

Underinsurance
Underwriter
Utmost Good Faith
Valuation
Vicarious Liability
Voidable
Warranty