Before & After
Abbreviations
Take It To The "Limit"
Potpourri
100

 The name for harm done to a piece of property, but not to a person's body.

What is Physical Damage?

100
P & AI
What is personal and advertising injury?
100
The maximum limit of coverage available under a liability policy during a policy year.
What is the General Aggregate Limit?
100
The GL coverage limit that was formerly called Fire Legal Liability.
What is the Damage to Premises Rented to You limit?
200

The abbreviation for General Liability 

What is GL?

200
A.I.
What is additional insured?
200
The maximum amount for which an insurer is liable.
What is the limit of liability?
200
The form included in the General Liability Policy that lists the limits, coverages, and endorsements.
What is the declarations page?
300

A type of business entity that is formed when two companies come together to work on a specific project.

What is a Joint Venture?

300
P/CO
What is Products-Completed Operations?
300
The amount the policy agrees to pay for reasonable medical services caused by an accident, regardless of fault.
What is the medical expense limit?
300
How the claimant is referred to in the GL policy, if the insurance company is the first party and the insured is the second party.
What is the Third Party?
400

The term used when an exclusion actually provides a coverage 

What is Give Back?

400
WOS
What is waiver of subrogation?
400
The amount available for a single bodily injury or physical damage incident.
What is the Each Occurrence limit?
400
A type of legal entity in which an individual is the sole owner of the business.
What is a Sole Proprietorship?
500

The section of the GL form that spells out the entities considered to be insureds on the policy.

Who Is An Insured?

500
BI/PD
What is Bodily Injury and Property Damage?
500

The entity that requests a contractor to add the entity's name to the policy

What is the additional insured?

500
These are the two GL limits that are traditionally equal to each other in amount and the highest number among the GL limits.
What are the General Aggregate and the Products Completed Operations Aggregate?
M
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