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
Creative Ways to Motivate Your Employees
Five creative (and inexpensive) ideas for motivating your employees.
What is a Liability?
Do you know what a Liability is?
What is a Carrier?
Do you know what a Carrier is?