What is Application / Proposal | Insurance glossary by upcover

The Application or Proposal contains details about the business, activities, and previous claims that the insurer relies on to assess risk and determine premiums. This document forms the basis of the contract. For example, a tradie must accurately describe their trade and turnover to ensure the policy matches their operations. Incorrect or incomplete information may result in claim denial or cancellation.

Related Terms

Settlement

Service Level Agreement (SLA)

Reporting

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Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

Related Term

Settlement

Service Level Agreement (SLA)

Reporting

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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