Glossary

Daily reports are skeleton copies of the policies prepared for the agent and the insurer.

Damages is money whose payment a court orders as compensation to an injured plaintiff.

"Damages reduction" provision is a term used in connection with uninsured and underinsured motorists (UM/UIM) coverage to refer to limit of insurance provisions that apply (in some states) to set out how the existence of other types of coverage (e.g., workers compensation) that may apply affect UM/UIM coverage as well.

One of the limits of liability prescribed by the standard commercial general liability (CGL) policy, "damage to premises rented to you" applies to damage by fire to premises rented to the insured and damage regardless of cause to premises (including contents) occupied by the insured for 7 days or less. The basic limit is $100,000.

Damage to Rented Premises Liability Coverage—Garages (CA 25 10) endorsement is formerly known as fire legal liability coverage—garages.

Data breach notification laws are state statutes that delineate certain reporting requirements in the aftermath of a data breach, pertaining to (1) applicability of the organization, (2) notification requirements with regard to parties who must be notified that the breach occurred, (3) notification timing requirements, and (4) specific penalties that may be incurred for failure to comply.

Data processing coverage is all risks property insurance for electronic data processing (EDP) equipment (computers), computer programs, and data.

Data processors errors and omissions (E&O) coverage insures liability arising from errors and omissions in performing data processing for outside entities on a fee basis.

The date of issue is the date on which the insurer issued the policy.

Deadheading is operating a truck/tractor with its trailer empty.