Deductible
Detailed definition and examples of deductible in business insurance.
Definition
The amount you must pay out of pocket before your insurance coverage kicks in for a claim.
💡 Real-World Example
With a $1,000 deductible, if a claim costs $5,000, you pay $1,000 and the insurer pays $4,000.
TERM CONTENT AD
Related Terms
How much does coverage cost?
Use our interactive calculator to get an instant estimate for your business type and state.
Estimate Your Cost Now →