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
Succeeding at Business Succession
There are a number of reasons for business owners to consider a business succession plan sooner rather than later.
Side-by-Side: Insured vs. Uninsured
Here's what happens if your small business has an accident and you're not insured.
What is a Policy?
Do you know what a Policy is?