Glossary and Other Terms

The words and phrases encountered in the practice of blood cleanup claims adjusting for catastrophic events found below represent a partial list and must be considered in expeditionary effort in blood cleanup claims adjusting practices.


Abandonment clause: A way to protect the insurer from an insured who walks away from the property and then demands for payment for the property.a clause sometimes contained in a property insurance policy in states the insured will not abandon damage property to the insurer and the man to be paid for its full value in any claims blood cleanup related matters.Bimbo buys a Fort Lauderdale mansion with hard-earned drug money. He then parties daily and then burns down the mansion. He walks away from all interest in the mansion and demands the insurance company pay full value for the drug lords mansion.Accident: a quick and unexpected fortuitous event occurring and usually occurs in the worst conditions at the worst time.

Accounts Receivable coverage form: this is an inland Marine coverage form and an insurer some people against loss suffered when they cannot collect from a customer because receivable records or damage. An example would be a Key West fishing boat for charter sinking during a fishing expedition. Lost Accounts Receivable records are covered by the insurance policy, in part.

Actual Cash value (ACV): this is the cost for an insurance company to replace stuff of property when it's lost because of accident. It is not to include allowances for depreciation or it means not getting paid for wear and tear on property losses.

Adjuster: a person acting as a claims representative and involved in an investigation, an adjustment, or negotiation and/or trial preparation for claims that may arise from a catastrophic event requiring blood cleanup or global warming conditions.

Adjustment the outcome of the adjustment, the final payment for homicide, suicide, unattended death, traumatic blood loss, and catastrophic climate changes.

Aggregate limit: The aggregate limit applies to all covered bodily injuries, property damage and all covered personal and advertising injuries; a policy type we find in liability policies and these limit coverage to specific total amounts. It covers all losses taking place within the policy for blood cleanup in general biohazard conditions.Agreed value: usually requires the insured to cover an amount equal to at least 80% of statement values and written with property insurance policies.

Agreement of guiding principles: apportions losses when non-concurrent policy provisions have something to do with a single claims provisions.All risk insurance – "open perils" insurance protects you from the loss of all perils but for those specifically written down is not covered. This is in contrast to the "name peril insurance." The name peril insurance specifically mentions in writing what insurance is insured against.

Annual transit policy – this is in in land Marine insurance policy for transportation of goods you desire to have insured while transported.

Answer – for liability claims purposes, the defendants defense is the answer, or the answer is the statement of the defendants defense.

Apportionment: for a loss covered by more than one policy, this is a way for more than one company to know how much they are going to pay toward a loss. Usually an apportionment clause tells that a company will pay no more than the loss that it's policy limit bears. It is the total amount of the insurance which may be apportioned at most.

Appraisal clause: this is a clause that says there's a disagreement between the insured and the insurer. Both the insured and the insurer use an appraiser as an umpire to reach an agreement of some sort. Where we find three appraisers the agreement of any two will be the decided upon amount.

Agreement clause: a company must consent in writing to an insurance policy being transferred.

Assumption of risk defense: this is a doctrine and it says that when you knowingly expose yourself to a danger of injury, you picked assume the risk of such injury. This can be used as a defense against liability by insurance companies when a catastrophic claims adjuster slips and falls on a roof. Just by virtue of climbing onto a sloped roof that is been damaged by hail and wind a catastrophic claims adjuster assumes the risk. So if the claims adjuster gets hurt and dies the traumatic blood loss injury, then his or her survivors cannot sue and succeed because the adjuster assume the risk of climbing onto the roof.

Automobile mechanical breakdown insurance: when a blood cleanup practitioner buys a new or used vehicle, they can buy additional insurance that helps protect their mechanical needs beyond the dealer's insurance and manufacturer's warranty.

Bail bond: this is known as a surety bond and it says that you will appear in a criminal proceeding. If you do not appear, the bail bond company that made this possible, for you to be released from jail because you put up money through the bail bond company, with the bail bonds company loses their money. This is important for criminal cases.

Bailee: when you have property belonging to someone else and you have a responsibility for it because they're paying you money, and you are known as a bailee. Consider a dry cleaning company. Then consider a biohazard cleanup company involved in cleaning a bedroom in which a suicide has occurred. We might say that the blood cleanup practitioners were known as "bailee's" for the contents of the room because they're in control of it being paid for their efforts.

Bailee's policy: when a bailee buys in land Marine insurance to help cover the loss or damage to somebody's property and their custody, the purpose is to cover the bailee even though they may not be liable. So if you are doing blood cleanup work on a car or truck and somebody smashes into the car or truck and destroys it, the car or truck is covered at least in part if not full by your bailee policy. It doesn't matter that you had no part in destroying the vehicle.

BA RR ATR why: NEL legal acts committed on a ship by the captain or the crew that causes damage to the ship or its cargo. Stuff like hijacking, abandonment, and embezzlement will qualify as BA RR to your wife. Notice the sound created by this word is similar to pirate.

Bid bonds: this is insurance to help you make the contractor complete work for the bit of prawn price. It is somehow connected to a contract bond.

Binder: when you say something is a promissory write down a statement for insurance protection, and there is a certain time. For this protection, then you have temporary coverage until a policy can be issued or denied. So when you buy a car or truck for your blood cleanup business, you have insurance at times for driving the car or truck the short. Of time or distance. Some insurance companies do not allow this behavior.

Blanket insurance: this is the type of insurance you get for certain amount paid to cover two or more different items. Notice how this is different than specific insurance which covers a certain item. For specific insurance types, notice employee dishonesty coverage that helps cover the boss and owner for losses incurred by dishonest employees. Then note name schedule coverage and position schedule coverage.

Blue sky bond: this is a type of surgery bond that investment companies mishap to guarantee against their lies and misrepresentations when they sell securities and when they defraud the public.

Bodily injury: a type of insurance that covers injuries, sickness, disease, and even death when working as a blood cleanup practitioner.

Boiler and machinery coverage form: this is the type of insurance that covers against injuries that are physical or monetary because of steam boilers or other machines causing damages. Most likely this type of insurance would help to pay for blood cleanup if needed. It's part of the commercial package policy.

Builders risk coverage form: insurance that provides coverage when a building is being built. It may also cover equipment used on the building. Supplies, temporary buildings, and the owners other materials are covered. Again, this would all come under a commercial package policy.

Building and personal property coverage form: this is the big policy for a commercial package policy commercial property coverage. It covers a building, personal property belonging to the business and the property of other people involved.

Barrel adjuster: this would be an employee someone called an "agent" that serves a few or more company clients. Hence the term "barrel."

Burglary: this is a crime insurance policy to help cover damages resulting from unlawful entry or leaving the premises as shown by a forced entry or forced exit.

Business auto coverage form: a type of commercial auto coverage part meant to cover automobile exposures of businesses. It is not meant to cover garbage trucks and truckers.

Business income forms: two types of commercial property forms used as part of a commercial package policy. It helps for the insured to recover some money because of an interruption in their work for a certain cupboard..

Business owners policy: this type of policy is meant to provide broad property and casualty coverage for small blood cleanup companies.

Camera and musical instrument dealers form: this is a type of in land Marine dealer form dealing with property and transit and not in an employee's custody or somewhere else.

Cargo liability coverage: this helps protect against legal liability when there's a loss to Cargill or baggage. It can be part of a aviation policy or even part of an ocean marine policy and it's good to have when the business of shipping or otherwise transporting by land.

Casualty insurance: this is a broad type of insurance. It's important for issues related to liability. For drone pilots it's good to have because it covers aviation issues. It also covers auto mobiles, boilers and other types machinery. It covers criminal related issues so it might cover crime scene cleanup. He would find an important to have on hand for your blood cleanup technicians as well as sorority bonds.

Causes of loss form: a form that serves as part of the commercial property coverage part of a commercial package policy and says that perils are covered while listing exclusions. We find it as increases abroad coverage occur from a basic to abroad to a special type of insurance. Earthquake forms fall under this category.

Drones: A new technology allowing licensed drone pilots to inspect large, off the surface areas quickly from the ground.