Glossary of Insurance Terms:

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Hired Automobile: An automobile whose exclusive use has been temporarily given to another for a monetary sum or other consideration. The business auto definition of 'hired autos,' however, includes autos borrowed except those borrowed from employees or partners

Hold Harmless Agreement: A contractual agreement that requires one contracting party to assume certain legal liabilities of the other party

Host Liquor Liability: Liability coverage for hosts of business or social functions arising out of the serving or distribution of alcoholic beverages by a party not engaged in this activity as a business enterprise

 
Ernie May Insurance Agency  1724 S. 7th St., Terre Haute IN 47802 ::: 812-238-2995 • 800-458-2995 • 812-232-7043 Fax
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