Terms starting with P
Productivity Suites refer to a collection of software applications bundled together to provide users with a comprehensive set of tools for document creation, data analysis, communication, and project management, among...
Products and Completed Operations may refer to two different types of insurance coverage. Products coverage, or products-completed operations coverage, is a form of commercial liability insurance that protects a business...
Policy Limits refer to the maximum amount an insurance company will pay under a policy for a covered loss. The definition of Policy Limits sets the financial cap on the...
A Privately Held Corporation is a type of business entity that is owned by private individuals or groups of private individuals, rather than by the government or the public at...
Privacy Liability refers to the legal responsibility and potential financial repercussions an organization faces when it fails to protect sensitive personal information from unauthorized access, use, or disclosure. This concept...
Property Damage is a broad term that may refer to any physical damage that has been done to a person's property, whether it be tangible or intangible. Property damage can...
Personal Injury may refer to an injury that is inflicted on an individual’s body, mind or emotions, as opposed to an injury that is inflicted on property. Personal Injury is...
The term Principles of Indemnity may refer to the underlying principles of insurance contracts that seek to restore an insured individual or company to the same financial position they were...
The Principle of Indemnification is the legal concept that is used to determine the amount of compensation that an insured party may receive from an insurance provider when they suffer...
Premium, in the context of insurance, refers to the amount of money that an individual or a business must pay for an insurance policy. The definition of 'premium' in insurance...
A Package Policy in the insurance industry is a comprehensive insurance solution that combines multiple types of coverage into a single policy. The definition of a Package Policy typically refers...
The term "Period of the Policy" in insurance is a fundamental concept that defines the duration for which an insurance policy provides coverage. The definition of 'Period of the Policy'...
"Public Adjuster" is a licensed individual or firm that agrees to work on behalf of a policyholder for a percentage fee to help adjust the claim with an insurance claims...
Part-Time Employment Law may refer to the various laws, regulations, and policies that govern the rights and responsibilities of employers and employees who are employed in a part-time capacity. Generally,...
The Preventative Shutdown Endorsement (PSE) may refer to an insurance policy provision that provides coverage for business interruption losses caused by the preventative or precautionary shutdown of a business. The...
Policy Limit may refer to the maximum amount of coverage provided under an insurance policy. This amount is typically determined by the insurance company at the time of issuance and...
A Pitch Deck is a presentation typically used by entrepreneurs to present their business idea to potential investors. It may refer to an organized collection of slides that present a...
Professional Negligence Law may refer to a field of law that deals with the legal consequences of professional negligence or malpractice. It is a specialized area of tort law that...
Punitive Damages, a term frequently encountered in legal and insurance contexts, play a pivotal role in civil litigation. The definition of 'Punitive Damages' refers to monetary compensation awarded in lawsuits,...
"Prior bad acts," within the realm of Directors and Officers (D&O) insurance, pertains to wrongful actions or omissions that occurred before the inception of a D&O insurance policy. The definition...
Prior Acts may refer to a concept in insurance law, specifically a type of insurance called Directors and Officers (D&O) liability insurance. D&O insurance protects directors and officers of organizations...
Per Claim Limit is a key term used in Directors and Officers (D&O) insurance policies. It may refer to the maximum amount the insurer will pay for any one claim...