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

	Insurance terms glossary.
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Deductible: "A deductible is the amount you pay out-of-pocket for expenses for an insurance claim. On a General Liability policy the deductible can apply to Bodily Injury (BI) and Property Damage More…
Direct Exess (Garage Liability): "Garage policies can be either Legal Liability, Direct Exess or Direct Primary. With a Legal Liability form the customer of the garage would have to prove that the garage owner was More…
Direct Primary (garage policy): "Garage policies can be either Legal Liability, Direct Exess or Direct Primary. With a Legal Liability form the customer of the garage would have to prove that the garage owner was More…
Duty to Defend: "A liability policy provision that the insurer has an obligation to defend the insured in a suit brought by a third party. For occurrences covered by the policy, a defense must be More…

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