Common Terminology

Lingo to know.

CGL - What is an ACORD certificate and why is it important?
ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance industry. In particular, ACOR...
Tue, 2 Apr, 2019 at 11:15 AM
CGL - What is an Exposure Period?
The policy arranged by Verifly offers products and completed operations coverage beyond the policy period via an Exposure Period. Protection for covered cla...
Tue, 2 Apr, 2019 at 11:15 AM
CGL - What is a Named Insured?
A Named Insured is a specifically named individual or firm (usually the policyholder) with whom an insurance contract is made, and whose interests are prote...
Tue, 2 Apr, 2019 at 11:18 AM
CGL - What is an Add-On and how do I add one to my policy?
Certain higher-risk activities are available as add-ons. These are available for purchase on the policy builder page, just below the “What’s Included” text....
Wed, 3 Apr, 2019 at 10:45 AM

Verifly Insurance Services, Inc. is licensed as an insurance producer in the states where it offers insurance products on this website/app for sale. However, the insurance products on this website/app may not currently be available in all states including in the states where the insurance products have not been approved for use by the applicable insurance regulators. Verifly makes no representation that the insurance products on this website/app are appropriate or available for use in any particular jurisdiction. If you access this website/app from a jurisdiction where the insurance products generally or any insurance product specifically are not being offered for sale, you hereby acknowledge and agree that you are viewing this website/app for general informational purposes only. All insurance products are subject to the terms and conditions of the insurance policies and all other documentation for such insurance products. Please be advised that we cannot add, delete, or modify coverage via email.