There are many different types of Car insurance policies and levels of cover, here is a brief description of insurance definitions typically used within the insurance industries.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Occupational Disease
Impairment of health caused by continued exposure to conditions inherent in a person's occupation or a disease resulting from the nature of an occupation.

Occupational Split
Used in relation to group insurance with reference to the occupational split of the company's workforce E.g. 50% clerical / 50% manual.

Ombudsman
An independent official to whom grievances can be aired, free of charge. Ombudsman is a Swedish word meaning citizen's representative. The Insurance Ombudsman Bureau aims to increase confidence in Insurance by offering an independent resource for resolving disputes between insurance companies and their customers.

Open Market Option
An option which exists at retirement date to use the accumulated value in a pension fund as a cash amount to purchase an Annuity on the Open Market from another Insurance Company. This practice can allow an individual to secure a better Annuity Rate than may be available from the Insurance Company which has maintained the pension fund.

Ordinarily Resident
If you are resident in the UK year after year, you are "ordinarily resident".

Ordinary Commuting
Travel between home (or some other place you attend for private reasons) and a permanent workplace.

Other Benefits (Employment)
The more common other benefits which are received in an employment are: Relocation expenses Subscriptions and professional fees Assets provided for private use Provision of nursery places (sometimes this is not ta