What is First-Party Cover | Insurance glossary by upcover

In insurance, "first-party cover" refers to coverage that protects the policyholder's own assets, property, or interests directly. It covers losses or damages suffered by the insured party themselves, rather than claims made against them by third parties.Examples include property damage to the insured's own buildings or equipment, business interruption losses, cyber extortion payments, data restoration costs, and theft of the insured's own money or assets.

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Related Term

Unspecified Tools of Trade

Trade Pack Insurance

Tools of Trade Cover

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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