Venture Insurance Glossary - Terms starting with ‘R’ - Venture Insurance Services

	Insurance terms glossary.
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Broad Form Property Damage (BFPD): Coverage that can be endorsed to the 1973 ISO comprehensive general liability policy and other older general liability forms, to reduce the restrictive scope of the "care, custody, or More…
Broad Form Property Damage Endorsement: An endorsement to a commercial general liability policy which amends or modifies the care, custody, or control exclusion that normally eliminates this coverage. A standard endorsement is More…
Broker: "An individual or entity who represents the consumer in negotiating, servicing or obtaining coverage with insurers; a person who negotiates contracts of insurance on behalf of an More…
Broker of Record: The broker designated and authorized to conduct and handle specified insurance business on behalf of the policyholder.

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