secondary insurance

Definition

Protection against a risk or group of risks that is taken out to supplement a primary policy already held by the insured party. For example, a business might take out a secondary insurance policy to cover a significant gap or uninsured risk not covered by their existing insurance policy.

Related Videos




http://www.businessdictionary.com/definition/secondary-insurance.html

Featured Sponsor

Have a question about secondary insurance? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z