insurance covering production shutdown (often mistakenly called “loss of profit” cover); the subject of insurance is the gross insurance profit comprising mainly the overhead costs (continuing costs) to be incurred by the entrepreneur, despite production shutdown, and, additionally, his probable […]

exactly: The International Insurance Certificate (the popular name is related to the color of the document); the document recognized by the governments of the states whose National Offices (it is the Polish Motor Insurers’ Bureau in Poland) are the members […]

a person performing the activities of an agency; It is a person, usually an agent’s employee who personally performs the activities of an agent entrusted to such an agent by insurer or insurers; these activities may cover the following: gaining […]

flood shall usually be regarded as an overflowing of water onto the lands in the consequence of a rise of water level in the beds of flowing or stagnant waters. The definitions given in general insurance conditions of particular insurers […]

it is a period mentioned under the insurance agreement as the one when the cover is not binding or is not provided in the full scope. Waiting period is applied to the risks where the insured may know or suspect […]

a commission received by an insurance broker from insurer for concluding an insurance agreement or for contributing thereto; in some cases courtage is also regarded as the broker’s remuneration for his participation in the management and realization of insurance agreements.

the place where, according to insurance conditions, the aid is ensured to the client in case of an accident; call centre usually provides the client with the necessary information by phone or, at the client’s request, organizes the necessary aid; […]

insurance intermediary carrying out activities on behalf of the insurer: the acquisition of customers, carrying out preparatory work for the conclusion of insurance contracts, concluding such agreements, and assisting in the administration and enforcement of insurance contracts.

result of the insurer’s activity with regard to insurance premiums, benefits, reserves and reinsurance; technical result shows that the insurer earns or loses on its core business.

the legal prohibition of disclosing any information by the insurer on the individual contract of insurance. The confidentiality of insurance covers both the insurer and all its employees.