B

In contract and property law one to whom goods or property are entrusted for a stated purpose. Can be either gratuitous (for no consideration) or for hire (for consideration).

The act of placing goods in the possession of a bailee.

A person entrusting goods to another.

Financial statement showing assets, liabilities and equity of a company.

A starting charge made to which is added the premium developed by the application of rates as directed.

Physical improvements beyond mere maintenance or repairs that augment the value of a property .

A written or oral agreement given by an insurer to insure a risk, pending the issue of a policy. A binder is deemed to be the policy and must be cancelled in the same manner.

An individual policy covering several crime perils on a single amount rather than on individual limits.

Insurance on two or more items, or locations, in one aggregate sum insured without separate amounts for each item.

An independent person or firm who acts on behalf of the insured in placing business with insurance companies.

Devices of various types which give warning of entry into premises by unauthorized persons.

Unlawful removal of property from premises involving visible forcible entry.

Insurance against loss of property caused by burglars.

Various types of insurance against business expenses and loss of income resulting from a fire or other insured peril.