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

	Insurance terms glossary.
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Per Occurrence Limit or Each Occurrence: "A sublimit in some liability policies that caps the payment for all claims that arise from a single incident. Under the commercial general liability policy, a per occurrence limit More…
Performance Bond: Covers performance of the terms of a contract. These bonds frequently incorporate payment bond (labor and materials) and maintenance bond liability. This protects the owner from financial More…
Personal Injury: "In the broadest sense, any harm to a person, whether physical or mental or an infringement of rights. However, insurers often distinguish between, and provide different coverages for, More…

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