What does SMP mean in insurance?

Short- mileage Pooling is a mileage-based auto insurance policy that covers incidents that happen while driving your insured vehicle. The coverage is capped at a certain amount. You pay a fixed rate per mile traveled, regardless of how many miles you actually drive. The coverage is capped at a percentage of your annual premium, usually between 0.5 and 5%. For example, if your premium is $500 and you drive 10,000 miles a year, your SMP coverage would be capped at

What do DMP mean in insurance?

dmp also known as the disaster management plan, is a risk management tool used by insurers to prepare for and respond to natural disasters. It is essentially a customized business continuity plan that outlines an insured's strategies for coping with major disasters. As a general overview, the primary goal of DMPs is to prevent business interruption losses and rebuild operations following a disaster.

What does SMP stand for in insurance?

Short and middle market private insurance is a form of liability insurance written by private insurance carriers, rather than the U.S. government. These policies usually have annual premiums under $1 million.

What does SMP mean in English?

Short-term medical policy is for a term of 31 days or less for a limited amount of time. It covers expenses for injuries or illnesses that are expected to occur within 31 days of the policy period. It does not cover pre-existing conditions. However, you may have to pay a higher premium for this type of insurance.

What does SMM mean in insurance?

Standard and modified policy is the most common form of commercial general liability insurance. It protects your company from lawsuits related to bodily injury and property damage that may occur on the premises your company occupies. The coverage depends on the location of the insured premises and the activities that are going on there.