- Specific named liabilities covered by an insurance policy. Common examples of named perils include lightning, fire, theft, explosions, and windstorms.
Related Terms and Acronyms
- General Liability Insurance — Definition,
- Insurance that protects individuals and businesses from a number of potential liabilities.
- Named Perils Insurance Policy — Definition,
- Insurance that only provides coverage in the event of a loss from a peril specifically named in the insurance policy.
- Peril — Definition,
- Anything that poses a risk of loss, which may or may not be insurable depending on the potential for risk.