insurance coverage

insurance coverage definition - business

insurance coverage

The types and amounts of risk that have been transferred to an insurance company. For example, a family may have $250,000 of coverage on a homeowner's insurance policy that covers financial loss from fire, wind, and so forth.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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