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
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 Liability?
Do you know what a Liability is?
Did You Know This Fact About Trampolines?
Trampolines cause thousands of injuries per year.