Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

compound policy

Read a random definition: pro convicto

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
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
LSD+ is ad-free, with DMs, discounts, case briefs & more.