Glossary

Slabbed is a term arising out of Hurricane Katrina claims. It means near complete destruction of a structure and elimination of the remains from its location.

Slander is the oral statement of untrue, defamatory remarks that lower a person's esteem in their community that gives rise to a legal cause of action against the speaker.

Sleep insurance refers to those types of catastrophe insurance coverages that allow management to sleep at night.

A sliding scale commission is a ceding commission that varies inversely with the loss ratio under the reinsurance agreement.

Sliding scale dividend is a rating plan used with workers compensation insurance under which the amount of the dividend is a function of the insured's loss experience.

Slip is the term for the piece of paper containing all the pertinent information regarding the risk and the insurance terms and conditions that the broker submits to the underwriter at Lloyd's of London.

A small deductible plan is a cash flow workers compensation insurance option that allows the insured to retain a portion of each loss through a small deductible and to transfer onto an insurer losses in excess of that deductible.

A small quantity generator is an enterprise that produces 220–2,200 pounds per month of hazardous waste; such operations are required to keep more records than conditionally exempt generators.

Some aircraft insurance policies contain a smooth limit, which is a combined single limit that applies to all bodily injury and property damage that arises out of a single occurrence.

Social engineering describes the art of manipulating people in an online environment, encouraging them to divulge—in good faith—sensitive, personal information, such as account numbers, passwords, or banking information.