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

	Insurance terms glossary.
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waiver of subrogation: A waiver of subrogation is an agreement not to pursue legal rights of recovery against the party in whose favor the waiver is executed. (search 'waiver of subrogation' on this site More…
warranty: "1. A statement to the insurer by an insured upon which the validity of the policy depends. The insurance contract is not binding unless the warranty statement is literally true. This More…
workers compensation insurance: Insurance that covers an employer's responsibility to compensate injuries, illnesses, disabilities or death of employees, as prescribed by state workers' compensation laws.

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