Commercial Insurance

Slip (Lloyd's Market)
A slip is the Lloyd's underwriting submission that records coverage terms and the underwriters' signed subscription lines.
Trust and Commission Clause
A trust and commission clause extends property insurance to cover certain property held in trust, on commission, or for others, to the extent of the insured's interest.
Business and Personal Property Coverage Form
This property form covers business premises and business personal property, with separate treatment for coverage layers, limits, and deductibles.
Commercial Health Insurance
Employer-sponsored or group-based health coverage and disability arrangements sold to businesses and institutions.
Robbery and Safe Burglary Coverage Form
A commercial crime coverage form that insures certain property against robbery or forcible entry into a safe, subject to definitions and limits.
Comprehensive Glass Insurance
Comprehensive glass insurance covers breakage of insured glass and related glazing materials, often on storefronts or other commercial property.
Blanket Crime Policy
A former broad first-party crime form that covered multiple dishonesty and forgery exposures under one policy.
Blanket Insurance
One policy structure that covers many related exposures or assets using common terms and aggregate controls.
Blanket Rate
A rating approach that applies one rate structure across a broad set of insured risks.
Blended Insurance Program
An insurance package that combines multiple coverages or carriers into one coordinated program design.
Bobtail Liability Insurance
Coverage for a tractor or truck operated without its intended trailer, aimed at gaps in motor freight liability exposure.
Bond
A promise-backed contractual instrument that can protect against nonperformance or financial loss, used alongside insurance in underwriting workflows.
Book of Business
The full client portfolio managed by an agent, broker, or carrier team as an active commercial asset.
Borderline Risk
A risk profile that is close to underwriting acceptance standards and requires heightened review.