Slip training

Limit

how much is covered (maximum)

Exposure value

the amount of risk if the biggest claim is going to occur (highest amount)

APTP

the percentage in difference between the rating tool suggestion vs the actual premium the UW charged

ZRC (Zurich rate change)

percentage difference in what we charged the previous year compared to the current year

Effective date

the date the cover begins

expiry date

the dtae the cover ends

Share

the percentage of the risk we pay backb

Brokerage

the fee the broker is going to take from the sale

Bereau

no invoice generated,know they will pay the premium

Non-bureau

invoice generated

Policy number starts with 7

UK only and rest of the world

Policy number starts with 9

EEA

Primary layer

first insurer on the list

Excess layer

anyone after the primary layer, covers the claim after the primary layer