General liability insurance

A grace period is the additional time your insurance company gives you to pay your premium before your coverage expires.

An expiration date is the day your insurance policy lapses. Your insurance coverage will typically end at midnight on your policy's expiration date.

A claimant is a person or business entity that files a claim to receive payment for a specific loss under the terms of an insurance policy.

An ACORD certificate of liability insurance is a document that provides a summary of your business insurance policy and proves you have liability insurance coverage.