Insurance

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.

Have A Question About This Topic?

Thank you! Oops!

Related Content

Keeping Good Records is Good Business

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.

Protecting Your Business from the Loss of a Key Person

Protecting Your Business from the Loss of a Key Person

Business owners may be able to protect themselves from the financial consequences of losing a key employee.

What is a Deductible?

What is a Deductible?

Do you know what a Deductible is?