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B Bailee
In contract and property law one to whom goods or property are entrusted for a stated purpose. Can be either gratuitous (for no consideration) or for hire (for consideration). Bailment
The act of placing goods in the possession of a bailee. Bailor
A person entrusting goods to another. Balance Sheet
Financial statement showing assets, liabilities and equity of a company. Basic Premium
A starting charge made to which is added the premium developed by the application of rates as directed. Betterment
Physical improvements beyond mere maintenance or repairs that augment the value of a property . Binder
A written or oral agreement given by an insurer to insure a risk, pending the issue of a policy. A binder is deemed to be the policy and must be cancelled in the same manner.
Blanket Crime Policy
An individual policy covering several crime perils on a single amount rather than on individual limits. Blanket Policy (Insurance)
Insurance on two or more items, or locations, in one aggregate sum insured without separate amounts for each item. Broker
An independent person or firm who acts on behalf of the insured in placing business with insurance companies. Burglar Alarms
Devices of various types which give warning of entry into premises by unauthorized persons. Burglary
Unlawful removal of property from premises involving visible forcible entry. Burglary Insurance
Insurance against loss of property caused by burglars. Business Interruption Insurance
Various types of insurance against business expenses and loss of income resulting from a fire or other insured peril.
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