What is a Loss?
Loss
[los]
noun
1.
A Loss is an injury or damage that is covered by an insurance Policy. Losses can be partial, like when wind damages part of a roof, or total, as when an automobile is "totaled" in a collision.
Related Content
Keeping Good Records is Good Business
Maintaining good records for your business not only helps to meet your tax and legal obligations, but it can save you money.
What is a Liability?
Do you know what a Liability is?
Insurance Needs Assessment: When You're Newly Married
Marriage changes everything, including your insurance needs.