Compensation Glossary

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

Third Party Insurance

An insurance policy purchased for protection against the actions of another party. Third Party Insurance is purchased by the insured (who is the first party) from an insurance company (the second party) for protection against another party's (the third party) claims.

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Third Party Endorsement

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Three Factor Contribution Method

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