Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

compound policy

Read a random definition: make-whole doctrine

A quick definition of compound policy:

A compound policy is a type of insurance policy that covers multiple properties or risks under one agreement. It is also known as a blanket policy. For example, if you own several properties, you can get a compound policy to cover all of them instead of getting separate policies for each property. This makes it easier to manage and can also save you money.

A more thorough explanation:

A compound policy is a type of insurance policy that covers multiple properties or risks under a single agreement. It is also known as a blanket policy. This type of policy is useful for businesses or individuals who have multiple properties or assets that need to be insured.

For example, a business owner may have several buildings, vehicles, and equipment that need to be insured. Instead of purchasing separate policies for each item, the business owner can opt for a compound policy that covers all the assets under one agreement.

Another example is a bailee policy, which is a type of compound policy that covers goods in a bailee's possession without specifically describing the covered goods. This type of policy is useful for businesses that handle goods belonging to others, such as a dry cleaner or a storage facility.

compound offense | comprehensive general-liability policy

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
LSD+ is ad-free, with DMs, discounts, case briefs & more.