Insurer definition: Copy, customize, and use instantly
Introduction
The term "Insurer" refers to a company or entity that provides insurance coverage to individuals or businesses in exchange for premium payments. It is essential for defining the party responsible for assuming risk and paying out claims under an insurance contract.
Below are various examples of how "Insurer" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Insurer" as a health insurance provider
This definition ties "Insurer" to health coverage.
"Insurer" means the entity responsible for providing health insurance coverage, including paying for medical expenses, doctor visits, hospital stays, and other healthcare services as outlined in the policy.
Definition of "Insurer" as a life insurance company
This definition connects "Insurer" to life insurance policies.
"Insurer" refers to the company that underwrites and provides life insurance policies, agreeing to pay a death benefit to beneficiaries in exchange for regular premium payments made by the policyholder.
Definition of "Insurer" as a property insurance provider
This definition links "Insurer" to property coverage.
"Insurer" means the entity that provides property insurance to protect against damage or loss of physical assets, such as homes, buildings, and personal property, based on the terms specified in the insurance policy.
Definition of "Insurer" as an automobile insurance provider
This definition applies "Insurer" to auto insurance.
"Insurer" refers to the company that offers automobile insurance coverage, providing compensation for damage or liability resulting from car accidents, theft, or other covered events, as specified in the policy terms.
Definition of "Insurer" as a business interruption insurance provider
This definition ties "Insurer" to business coverage.
"Insurer" means the company that provides business interruption insurance, covering losses in revenue or additional expenses incurred due to unforeseen events that disrupt normal business operations, such as natural disasters or pandemics.
Definition of "Insurer" as a liability insurance company
This definition connects "Insurer" to liability protection.
"Insurer" refers to the company that provides liability insurance to protect against claims of injury, damage, or negligence that result in legal liability, safeguarding the policyholder from financial loss.
Definition of "Insurer" as a reinsurance company
This definition links "Insurer" to reinsurance.
"Insurer" means the company that assumes risk from primary insurers through reinsurance contracts, providing financial protection by sharing the risk of large losses across multiple entities.
Definition of "Insurer" as a casualty insurance provider
This definition applies "Insurer" to casualty insurance.
"Insurer" refers to the company that provides casualty insurance, which covers losses or liabilities resulting from accidents, injuries, or damages caused by the policyholder's activities or business operations.
Definition of "Insurer" as an umbrella insurance company
This definition ties "Insurer" to umbrella coverage.
"Insurer" means the entity that provides umbrella insurance, which offers additional coverage above and beyond the limits of primary policies like auto or homeowner's insurance, providing protection against catastrophic losses.
Definition of "Insurer" as an insurance provider for worker's compensation
This definition connects "Insurer" to worker's compensation.
"Insurer" refers to the company that provides worker's compensation insurance, covering medical expenses, lost wages, and other costs incurred by employees who are injured or become ill while performing job-related duties.
Definition of "Insurer" as a marine insurance provider
This definition links "Insurer" to maritime insurance.
"Insurer" means the company that offers marine insurance, covering risks related to the transport of goods and vessels on water, including damage, theft, or loss due to accidents, natural disasters, or piracy.
Definition of "Insurer" as a travel insurance provider
This definition applies "Insurer" to travel coverage.
"Insurer" refers to the company that provides travel insurance, offering coverage for unexpected events during travel, such as trip cancellations, lost luggage, or medical emergencies, as outlined in the insurance policy.
Definition of "Insurer" as a group insurance provider
This definition ties "Insurer" to group policies.
"Insurer" means the company that provides group insurance coverage, offering policies that cover multiple individuals, often provided by employers or organizations to protect employees or members against common risks.
Definition of "Insurer" as a pet insurance provider
This definition connects "Insurer" to pet insurance.
"Insurer" refers to the company that offers pet insurance, covering veterinary costs, medical treatments, and emergencies related to the health and well-being of the policyholder's pets.
Definition of "Insurer" as an annuity provider
This definition links "Insurer" to annuities.
"Insurer" means the company that provides annuity products, offering individuals a steady income stream, typically for retirement, in exchange for a lump sum payment or periodic premiums.
Definition of "Insurer" as an insurance underwriter
This definition ties "Insurer" to underwriting activities.
"Insurer" means the company or entity responsible for evaluating and assuming risk in an insurance policy, including the determination of premiums, policy terms, and conditions based on underwriting criteria.
Definition of "Insurer" as an accident insurance provider
This definition connects "Insurer" to accident-related coverage.
"Insurer" refers to the company that offers accident insurance, providing financial protection in case of accidental injury or death, covering medical expenses and related costs according to the terms of the policy.
Definition of "Insurer" as a personal injury insurance provider
This definition links "Insurer" to personal injury coverage.
"Insurer" means the entity that provides personal injury insurance, offering compensation for injuries sustained in accidents, protecting the policyholder from financial loss due to medical expenses, lost wages, and other related costs.
Definition of "Insurer" as a cyber insurance provider
This definition applies "Insurer" to cyber risk coverage.
"Insurer" refers to the company that provides cyber insurance, covering financial losses resulting from data breaches, cyberattacks, or other technology-related incidents that compromise information security.
Definition of "Insurer" as a fidelity bond provider
This definition ties "Insurer" to fidelity bonding.
"Insurer" means the company that offers fidelity bonds, providing coverage against losses due to fraudulent or dishonest acts committed by employees, typically in businesses or financial institutions.
Definition of "Insurer" as a claims administrator
This definition connects "Insurer" to claims management.
"Insurer" refers to the company that not only provides insurance coverage but also manages claims, evaluating, processing, and settling claims in accordance with the terms of the insurance policy.
Definition of "Insurer" as a flood insurance provider
This definition links "Insurer" to flood protection.
"Insurer" means the entity providing flood insurance coverage, protecting policyholders against losses from flood-related damage to property, vehicles, and other assets as outlined in the policy terms.
Definition of "Insurer" as a disaster recovery insurance provider
This definition applies "Insurer" to disaster recovery.
"Insurer" refers to the company that provides disaster recovery insurance, offering coverage for damages and business interruption caused by natural disasters such as earthquakes, hurricanes, or wildfires.
Definition of "Insurer" as a legal liability insurer
This definition ties "Insurer" to legal liability protection.
"Insurer" means the company that provides coverage for legal liability arising from lawsuits or claims, including damages, legal fees, and settlements resulting from incidents covered under the policy.
Definition of "Insurer" as an agricultural insurance provider
This definition connects "Insurer" to agricultural risks.
"Insurer" refers to the company that offers agricultural insurance, providing financial protection against losses due to weather conditions, crop damage, livestock illness, or other risks affecting farming operations.
Definition of "Insurer" as a business liability insurance provider
This definition links "Insurer" to business liability coverage.
"Insurer" means the company providing business liability insurance, covering claims related to negligence, accidents, or damage caused by the business’s operations, products, or services.
Definition of "Insurer" as a professional indemnity insurance provider
This definition applies "Insurer" to professional services.
"Insurer" refers to the company that provides professional indemnity insurance, protecting professionals and businesses against legal claims for negligence, errors, or omissions in the delivery of their services.
Definition of "Insurer" as a credit insurance provider
This definition ties "Insurer" to credit risk protection.
"Insurer" means the company that offers credit insurance, covering businesses against the risk of non-payment or default by customers, protecting the policyholder from financial losses due to bad debts.
Definition of "Insurer" as a warranty provider
This definition connects "Insurer" to product warranties.
"Insurer" refers to the company that provides warranty insurance, covering repair or replacement costs for defective products or services, ensuring that the policyholder’s investment is protected.
Definition of "Insurer" as an umbrella liability provider
This definition links "Insurer" to extended liability coverage.
"Insurer" means the entity that provides umbrella liability insurance, offering additional coverage above standard liability limits to protect against large-scale claims and lawsuits that exceed primary policy limits.
Definition of "Insurer" as a comprehensive insurance provider
This definition ties "Insurer" to comprehensive coverage.
"Insurer" means the company that provides comprehensive insurance, covering a wide range of risks, including property damage, liability, and other potential losses in a single, all-encompassing policy.
Definition of "Insurer" as a short-term insurance provider
This definition connects "Insurer" to short-term coverage.
"Insurer" refers to the company that offers short-term insurance policies, providing coverage for a limited time period to protect against specific risks or events, such as temporary travel or rental insurance.
Definition of "Insurer" as an employee benefits insurer
This definition links "Insurer" to employee benefits.
"Insurer" means the entity that provides insurance coverage as part of employee benefit packages, including health, dental, life, and disability insurance, protecting employees against health-related and financial risks.
Definition of "Insurer" as a specialized coverage provider
This definition applies "Insurer" to niche markets.
"Insurer" refers to the company that provides specialized insurance coverage tailored to specific industries or professions, such as insurance for artists, contractors, or unique business ventures.
Definition of "Insurer" as a catastrophe insurance provider
This definition ties "Insurer" to catastrophe protection.
"Insurer" means the company that offers catastrophe insurance, protecting policyholders from extreme, large-scale events such as earthquakes, tsunamis, or other natural disasters that can result in widespread loss and damage.
Definition of "Insurer" as a private insurance provider
This definition connects "Insurer" to private sector policies.
"Insurer" refers to the company that operates in the private sector, providing a wide range of insurance products to individuals, businesses, or organizations, in contrast to government-backed or state-sponsored coverage.
Definition of "Insurer" as a group health insurance provider
This definition links "Insurer" to group health coverage.
"Insurer" means the company that provides group health insurance, offering policies that cover multiple individuals, often through an employer or organization, to provide medical care and benefits for all members.
Definition of "Insurer" as a professional services insurer
This definition applies "Insurer" to professional services.
"Insurer" refers to the company that provides coverage for professionals, such as lawyers, doctors, or consultants, protecting against claims of negligence, errors, or omissions in their professional services.
Definition of "Insurer" as a life and health insurer
This definition ties "Insurer" to both life and health coverage.
"Insurer" means the company that provides life and health insurance, offering protection to individuals and families against the financial impact of death, illness, or accidents, ensuring coverage for both medical expenses and life benefits.
Definition of "Insurer" as a surplus lines insurer
This definition connects "Insurer" to surplus lines.
"Insurer" refers to the company that offers surplus lines insurance, providing coverage for high-risk or non-standard policies that are not available through traditional insurance markets, typically for specialized industries or unique risks.
Definition of "Insurer" as a mutual insurance provider
This definition links "Insurer" to mutual insurance.
"Insurer" means the company that is owned by its policyholders, providing mutual insurance where the policyholders share in the profits and losses of the insurer, often offering more favorable premiums or dividends.
Definition of "Insurer" as a captive insurance company
This definition applies "Insurer" to captive insurance.
"Insurer" refers to a captive insurance company, which is established by a parent company to insure its own risks, providing tailored coverage and retaining premiums within the same organization.
Definition of "Insurer" as a Lloyd's syndicate
This definition ties "Insurer" to Lloyd’s of London.
"Insurer" means a syndicate at Lloyd’s of London, operating under the Lloyd’s market to offer a wide range of specialized insurance products, including coverage for high-risk scenarios or unique underwriting opportunities.
Definition of "Insurer" as an insurance broker
This definition connects "Insurer" to brokerage services.
"Insurer" refers to an insurance broker that acts as an intermediary between clients and insurance providers, helping businesses or individuals select and manage policies from various insurers.
Definition of "Insurer" as an international insurer
This definition links "Insurer" to global coverage.
"Insurer" means the company that provides insurance services across multiple countries or regions, offering international coverage and solutions that meet the diverse needs of global clients.
Definition of "Insurer" as an accident and health insurer
This definition ties "Insurer" to accident and health coverage.
"Insurer" means the company that provides both accident and health insurance, offering protection against accidental injuries and medical expenses, covering policyholders in cases of unforeseen events and health-related risks.
Definition of "Insurer" as a vehicle insurance provider
This definition connects "Insurer" to automobile coverage.
"Insurer" refers to the company that provides vehicle insurance, covering financial loss or damage resulting from accidents, theft, or other unforeseen circumstances involving automobiles or other motor vehicles.
Definition of "Insurer" as a commercial property insurance provider
This definition links "Insurer" to property insurance for businesses.
"Insurer" means the company that provides commercial property insurance, covering damage or loss to business assets, including buildings, equipment, inventory, and other physical property owned by a business.
Definition of "Insurer" as a marine insurance provider
This definition applies "Insurer" to maritime risks.
"Insurer" refers to the company that provides marine insurance, covering risks related to the transportation of goods and vessels on water, protecting against damage, loss, or theft during transit across bodies of water.
Definition of "Insurer" as a reinsurer
This definition ties "Insurer" to reinsurance activities.
"Insurer" means the company that provides reinsurance, offering insurance to primary insurers in order to spread and manage risk more effectively, often covering large-scale or catastrophic losses beyond the primary insurer's capacity.
Definition of "Insurer" as a workers' compensation insurance provider
This definition connects "Insurer" to workers' compensation.
"Insurer" refers to the company that provides workers' compensation insurance, covering medical expenses and lost wages for employees who are injured or become ill in the course of their employment, protecting both the employer and employee.
Definition of "Insurer" as an underwriting insurer
This definition links "Insurer" to the underwriting process.
"Insurer" means the company that engages in underwriting activities, evaluating the risks involved in insuring individuals or businesses, determining premium rates, and setting policy terms and conditions based on risk assessment.
Definition of "Insurer" as a premium financing provider
This definition applies "Insurer" to premium financing.
"Insurer" refers to the company that offers premium financing, allowing policyholders to pay their insurance premiums over time by providing loans or credit to finance the policy costs.
Definition of "Insurer" as a specialized medical insurer
This definition ties "Insurer" to healthcare coverage.
"Insurer" means the company that provides specialized medical insurance, covering unique healthcare needs such as long-term care, mental health treatment, or specific medical conditions, offering tailored solutions beyond standard health plans.
Definition of "Insurer" as a trade credit insurance provider
This definition connects "Insurer" to trade credit coverage.
"Insurer" refers to the company that provides trade credit insurance, covering businesses against the risk of non-payment by customers or clients in business-to-business transactions, ensuring protection against default or insolvency.
Definition of "Insurer" as a long-term care insurance provider
This definition links "Insurer" to long-term care coverage.
"Insurer" means the company that provides long-term care insurance, covering expenses associated with extended care services for individuals who need assistance with daily living activities due to aging, disability, or chronic illness.
Definition of "Insurer" as a life insurance provider
This definition applies "Insurer" to life coverage.
"Insurer" refers to the company that provides life insurance, offering financial protection to beneficiaries in the event of the policyholder’s death, ensuring that loved ones are financially supported in the case of an untimely loss.
Definition of "Insurer" as a professional liability insurer
This definition ties "Insurer" to professional errors and omissions.
"Insurer" means the company that provides professional liability insurance, covering professionals against claims of negligence, errors, or omissions in the performance of their professional duties, such as for consultants, accountants, or medical practitioners.
Definition of "Insurer" as a commercial general liability provider
This definition connects "Insurer" to general liability coverage.
"Insurer" refers to the company that provides commercial general liability insurance, covering businesses against claims of bodily injury, property damage, and other liabilities that could arise from normal business operations.
Definition of "Insurer" as a catastrophic event insurer
This definition links "Insurer" to protection against disasters.
"Insurer" means the company that provides catastrophic event insurance, offering coverage against large-scale, unexpected events like natural disasters, pandemics, or terrorist attacks, helping businesses or individuals recover from widespread damage.
Definition of "Insurer" as a cyber liability insurer
This definition applies "Insurer" to cyber security risks.
"Insurer" refers to the company that provides cyber liability insurance, covering businesses and individuals against the financial consequences of cyberattacks, data breaches, and other cyber incidents, ensuring that the insured can recover from technological failures and threats.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.