Underinsured Motorist, Unseaworthiness, Utilisation Review, Umbrella Policy and more. Each definition explains what the term means and why it changes a number.
Coverage on your own policy that pays when the at-fault driver's limits are too low.
Why it matters: In pedestrian and serious-injury claims it frequently matters more than the other driver's policy.
Run the pedestrian accident claim →A vessel owner's absolute duty to provide a reasonably fit vessel, breach of which creates liability without negligence.
Why it matters: It runs alongside a Jones Act negligence claim and can add materially to the value.
Run the oil rig & offshore injury →An insurer's process for deciding whether treatment is medically necessary and will be covered.
Why it matters: A written pre-authorisation is the only reliable protection against a denial after treatment.
Run the treatment & rehab cost →Excess liability coverage sitting above auto and home policies.
Why it matters: It is unusually cheap per dollar because underlying policies absorb almost every claim.
Run the umbrella insurance needs →The process of assessing risk and setting terms and price for a policy.
Why it matters: It is why two people at the same address can receive very different quotes.
Run the auto insurance cost →The revenue and cost associated with a single customer or transaction.
Why it matters: Growth multiplies whatever they already are, which is why fixing them precedes scaling spend.
Run the cac & ltv →The share of purchased licences or capacity actually in use.
Why it matters: It is the fastest saving available in software spend and the one nobody owns.
Run the saas spend & seat waste →Carrying limits below the value of what is insured.
Why it matters: It triggers coinsurance penalties that proportionally reduce every future claim, not just large ones.
Run the insurance claim value →