Home / Insurance Glossary / Binder
Insurance Glossary
Binder
Definition
A temporary agreement that puts coverage in force before the full policy is issued.
Related terms
Admitted CarrierNon-Admitted CarrierExcess and Surplus Lines (E&S)Lloyd's of LondonBermuda Market
Need this coverage, or just a clear answer?
Our brokers translate terms like Binder into a program built for how your company actually operates, and read every policy for the exclusions that matter.
Get covered → Book a 15-minute call →