Category
Business Insurance
10 terms explained in plain English, with Indian context.
- AI Governance RiderAn addition to a D&O or E&O policy that specifically covers board and officer liability related to the oversight and management of AI sys...
- Business Interruption InsuranceCoverage that replaces lost income and covers extra expenses when a business must close temporarily due to a covered loss, such as proper...
- Cyber Liability InsuranceInsurance that protects businesses from financial losses and expenses related to data breaches, cyber attacks, and other technology-relat...
- Directors & Officers (D&O) Liability InsuranceProtects the personal assets of company directors and officers against lawsuits alleging wrongful acts, errors, or omissions in their man...
- Employment Practices Liability Insurance (EPLI)Covers businesses against claims made by employees alleging wrongful termination, discrimination, harassment, and other employment-relate...
- Errors & Omissions (E&O)Professional liability insurance that protects companies and individuals against claims made by clients for negligent acts, errors, or om...
- General Liability (GL)Commercial general liability insurance that protects businesses from claims of bodily injury, property damage, advertising injury, and pe...
- LLM Hallucination LiabilityThe legal and financial responsibility arising from Large Language Models (LLMs) generating factually incorrect, nonsensical, or misleadi...
- Prompt Injection CoverageCoverage for financial losses and expenses resulting from prompt injection attacks, where malicious inputs manipulate an AI (especially L...
- Workers' Compensation InsuranceMandatory insurance in most US states that provides medical care and wage replacement for employees injured in the course of employment, ...