Attractive nuisance

A dangerous place, condition or object, which is particularly attractive to children. In these cases the courts have frequently held that where “attractiveness” exists, the owner is under a duty to take steps to prevent injury to those that may be attracted and the owner may be held liable for failure to do so.

Audit

A survey of the policyholder’s records to determine the actual exposures for which premium should be paid to the insurance company.

Arbitration

If a dispute arises between the insured and the company in regard to the amount of the loss, someone approved by both parties can be appointed to consider the facts and render a judgment. The arbitrator’s decision is binding and final on both parties.