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

	Insurance terms glossary.
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Schedule Modification: "A schedule modification allows insurance companies to adjust premium using credits and debits related to your unique business operations. Each insurance company files a schedule with More…
Scheduled Rating: "A method of developing property and liability insurance premiums by applying debits or credits within established ranges for various characteristics of the risk, which are either More…
Severability of Interest/Cross Liability: "This severability of interest endorsement ensures that claims by one insured against another are treated as if separate policies had been issued to each insured. This policy provision More…
Special Form: "This form is also referred to as œall risk coverage. It is very broad in scope, but again like the liability policy, you need to read the exclusions and limitations to know what you More…
Sunset Clause or Sunset Provision: A Sunset Clause is an endorsement to a General Liability policy that states the policy will not provide coverage after a set period of time. What this means is that the carrier will not More…

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