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Disaster Advice Glossary
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Disaster recovery and restoration can be veiled in mystery to the many who have not undertaken specific training. This glossary explains technical terms to assist both report writing and the understanding of those technical terms so often misunderstood.
Definition
| Bodily Injury: |
A bodily harm, sickness or disease, including care, loss of services and death resulting from that injury. |
| Environmental Impairment Liability Policy (EIL policy): |
An insurance policy offering bodily injury and property damage coverage for gradual releases of pollutants for any claims made during the policy period, no matter when the release occurred. The EIL policy fills the gap left by policy exclusions called pollution exclusions. |
| General Liability Insurance: |
The insurance required by all states when registering their contractors. While working at a customer's premises, a general liability policy will help protect contractors in the event that they become legally responsible for bodily injury or damage to the property of others. General liability insurance coverage is a protection against damages brought against a contractor from their customer or a third party. It protects against damage while the contractor is performing a specific job or task, and in some instances, after the job or task has been completed. General liability insurance is required by most property adjusters when the contractor applies for preferred vendor status. General liability insurance protects the project and provides for other forms of insurance protection. There are three primary aspects of general liability coverage which may be part of your policy or needs to be added as a rider to the policy. 1) Premises/Operations Coverage, which provides insurance protection while performing a job or task, whether the contractor is at the shop or at the customers location. An example would be someone tripping over your tools and being injured. 2) Completed Operations Coverage, which provides insurance protection after the contractor has completed a job. An example would be after cleaning or restoring a building and paint discoloration occurred after it dried, because of hidden damage. 3) Care, Custody or Control Coverage, which provides insurance protection for restoration, repair and replacement of property due to faulty workmanship. This includes the property of others while actually being serviced. (Under the standard general liability insurance policy, damage to the personal property of others in your care, custody or control, is excluded). This means that if property is damaged while being serviced, there is no protection or insurance coverage under a standard policy. Care, custody or control insurance coverage may be offered only through a special endorsement to the standard policy. |
| Occurrence: |
An accident including exposure to conditions which result during an insurance policy period in bodily injury or property damage. Repeat or continuous exposure to the same general conditions is considered to be one occurrence. Insurance Note: Occurrence does not include accidents or events which take place during the insurance policy period which do not result in bodily injury or property damage until after the policy period. |
| Personal Liability: |
In insurance terminology, personal liability are those damages which an insured becomes legally liable for or obliged to pay because of bodily injury or property damage resulting from an occurrence to which insurance coverage applies. Education Note: At the insurer's expense and with attorneys of their choice, the insurer will defend an insured against any covered claim or suit. The insurer is not obligated to pay defense costs, including attorneys fees of any claim or suit where the insured selects an attorney not chosen by the insurer because there is a dispute between the insurer and insured over coverage. The insurer may elect to investigate and settle any claim or suit which the insurer considers proper. The insurer's obligation to defend any claim or suit ends once the insurer has paid their limit of liability. |
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The Disaster Advice Glossary operates on TechMerit Technoloy.
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