Many industries have their own lexicon. Doctors, architects, dentists, and writers—to name a few—all have certain distinctive words that are used almost exclusively within the field to convey specialized meanings.
The insurance also has its own vocabulary. However, unlike other fields that have a tendency to remain insular, most people, especially business owners, will at some point come to have firsthand experience with these terms.
You might be familiar with some of these insurance terms, especially if you’ve ever purchased auto insurance or homeowner’s/renter’s insurance. Keep in mind that personal insurance has far less variety than business insurance. Due to its very nature, business insurance offers an extensive assortment of options.
Dispatches From The Front 