Sports Insurance Glossary : Letter D

Damage to Premises Rented To You - Under your General Liability, this coverage will pay for damages to any one premises you rent, but do not occupy, or in the case of fire or explosion, while rented to you or temporarily occupied by you with permission of the owner, but only to the limit designated on the policy declaration page.

Declarations - That part of the policy describing the named insured, address, effective date, term of the policy, applicable coverages, the amount of insurance and the premium.

Deductible - A provision in an insurance contract stating that the insurer will pay that amount of any insured loss that is in excess of a specified amount. The specified amount is the deductible.

Directors & Officers Liability - Designed for the Directors and Officers of boards, corporations, or nonprofit organizations, this coverage provides protection for claims arising from the fiduciary duties owed the corporation, shareholders, or other third parties from certain fiduciary, tortuous conduct, fraud or deceit, or the violation of certain statutes.