Insurance Glossary

Directors’ & Officers Liability. Crucial protection for directors and officers of a company (including not-for-profit) for negligence claims or wrongful acts.

Stands for both Damage to Existing/Surrounding Property and Defects Exclusion

10 year liability in construction, particularly thorny in France and Belgium

Difference in Conditions in the context of a master policy above a local policy, provides the broader coverage of the master to the insured under the local policy. See DIL for difference in limits

Difference in Excesses

In the context of a master policy above a local policy, DIC provides the broader coverage of the master to the insured under the local policy. See DIL for a difference in limits.

In the context of a master above a local policy, DIL increases the limits of the local policy by supplying additional amounts through the master. See DIC for difference in conditions

In the context of a master above a local policy, DIL increases the limits of the local policy by supplying additional amounts through the master. See DIC for difference in conditions

Crucial protection for directors and officers of a company (including not-for-profit) for negligence claims or wrongful acts.

Date of Loss