name: Travelers Vocabulary
description: Domain vocabulary for Travelers Insurance APIs covering commercial insurance claims, quoting, and policy management
tags:
  - Insurance
  - Property Casualty
  - Commercial Insurance
  - Claims
  - Fintech
terms:
  - term: Claim
    label: Insurance Claim
    definition: A formal request to Travelers to receive compensation for a covered loss under an insurance policy
    properties:
      - claim_number
      - policy_number
      - loss_date
      - status

  - term: Policy
    label: Insurance Policy
    definition: A contract between Travelers and an insured organization providing coverage for specified risks in exchange for a premium
    properties:
      - policy_number
      - policy_type
      - premium
      - effective_date
      - expiration_date

  - term: Quote
    label: Insurance Quote
    definition: A formal estimate of the premium and coverage terms for a commercial insurance policy
    properties:
      - quote_id
      - premium
      - status
      - effective_date

  - term: Premium
    label: Insurance Premium
    definition: The periodic payment made by the insured in exchange for insurance coverage
    related:
      - Policy
      - Quote

  - term: Coverage
    label: Insurance Coverage
    definition: The scope of protection provided by an insurance policy, including limits, deductibles, and covered perils
    properties:
      - type
      - limit
      - deductible

  - term: Deductible
    label: Deductible
    definition: The amount the insured must pay out-of-pocket before insurance coverage applies to a claim
    related:
      - Coverage
      - Claim

  - term: Claimant
    label: Claimant
    definition: The person or organization making a claim under an insurance policy
    related:
      - Claim
      - Policy

  - term: Adjuster
    label: Claims Adjuster
    definition: A Travelers representative assigned to investigate and settle an insurance claim
    related:
      - Claim
      - Loss

  - term: Loss
    label: Insured Loss
    definition: A covered event or damage that results in a claim being filed with Travelers
    properties:
      - loss_date
      - description
      - loss_location

  - term: BOP
    label: Business Owner Policy
    definition: A commercial insurance package combining property, liability, and business income coverage for small businesses
    related:
      - Commercial Lines
      - Quote

  - term: Commercial Lines
    label: Commercial Lines
    definition: Insurance products designed for businesses rather than individuals, including property, casualty, and liability coverage
    values:
      - property
      - casualty
      - workers-compensation
      - commercial-auto
      - general-liability

  - term: Workers Compensation
    label: Workers Compensation
    definition: Insurance that covers medical expenses and lost wages for employees injured on the job
    related:
      - Commercial Lines
      - Policy

  - term: Commercial Auto
    label: Commercial Auto
    definition: Insurance covering vehicles used for business purposes including trucks, vans, and company cars
    related:
      - Commercial Lines
      - Fleet

  - term: General Liability
    label: General Liability
    definition: Insurance protecting businesses against claims of bodily injury, property damage, and personal injury
    related:
      - Commercial Lines
      - BOP

  - term: Indication
    label: Quote Indication
    definition: A preliminary, non-binding estimate of insurance premium provided to agents before full underwriting
    related:
      - Quote
      - Bindable Quote

  - term: Bindable Quote
    label: Bindable Quote
    definition: A fully underwritten insurance quote that can be immediately converted into an active policy
    related:
      - Quote
      - Policy

  - term: Underwriting
    label: Underwriting
    definition: The process of evaluating risk and determining eligibility, terms, and premium for an insurance policy
    related:
      - Quote
      - Policy

  - term: NAICS Code
    label: NAICS Code
    definition: North American Industry Classification System code used to categorize a business's industry for insurance underwriting
    related:
      - BusinessInfo
      - Underwriting

  - term: Industry Code
    label: Industry Classification Code
    definition: A standardized code identifying the type of business activities, used in commercial insurance quoting
    related:
      - NAICS Code
      - BOP