Glossary

Integrated disability management is adjusting claims for both occupational (workers compensation) and nonoccupational (employee benefits-related) accidents and absence.

Integrated excess policies can apply as additional coverage over one or more different types of primary liability policies, which are usually, but not always, written on a claims-made basis.

Integrated project delivery describes a cooperative business relationship where the project owner, the design team, and the primary contractor (and possibly key subcontractors) on a construction project collaborate for the design and construction of a project.

Integrated risk is a risk financing technique that combines diverse coverages in a single multiyear policy or program with one or more shared limits of liability.

Intellectual property refers to intangible products of human intelligence, especially as one may be entitled to the commercial proceeds of such products, such as patents or copyrights.

Intellectual property defense cost reimbursement insurance provides coverage that reimburses insureds for legal expenses incurred to defend against lawsuits alleging that the insured has committed patent, trademark, or copyright infringement.

Intellectual property infringement abatement insurance provides coverage that reimburses insureds for legal expenses incurred when an insured enforces a patent, trademark, or copyright against infringers.

An interchange agreement is between trucking companies wherein Company A has possession of Company B's trailer or equipment and agrees to be responsible for loss to such while in A's possession.

Interest-sensitive life insurance refers to a policy that credits the policyholder with interest that is based upon the investment return earned by the insurer on all of the policies in a particular group.

The interest option is an option that a life insurance beneficiary may select as a settlement by which policy death proceeds are left on deposit with the insurer to accrue interest; the interest is paid out to the beneficiary on some regular basis, such as annually.