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Glossary T-V

third party

third-party administrator (TPA)

third-party claims

third-party liability coverage

third-party lien

third-party-over action

third-party risk


threshold level

threshold limit value (TLV)

tie-in endorsements

time element insurance

time element loss

time series analysis

time value of money

timing risk

Title VII of the Civil Rights Act of 1964

tolling a statute of limitations


tool and die floater



tort threshold

total disability

total insurable value (TIV)

total insured value provision

total pollution exclusion

toxic tort

tradable risk

trade disruption insurance

trade dress

trade libel

trading loss coverage

trailer interchange insurance


transfer of risk

transfer pricing

transit coverage

transitional duties

transportation expenses

travel agents E&O insurance

travel insurance


treaty reinsurance

trend analysis

trend factor


trial court

trip lease

trip permit

trip transit insurance

triple excess coverage

triple trigger theory

truckers downtime insurance

truckers policy

truckload (TL)

trust agreement

trust department errors and omissions (E&O) coverage


trust fund





uberrimae fidae

ultimate loss

ultimate net loss

ultra vires acts

umbrella liability policy

unaffiliated business

unallocated benefit

unallocated loss adjustment expenses (ULAE)

unauthorized insurer


unconditional settlement clause

unconscious bias

underground property damage


underinsured motorists (UIM) coverage


underlying coverage

underlying interest

underlying premium



underwriting agency

underwriting capacity

underwriting cash flow

underwriting class

underwriting cycle

underwriting expense

underwriting guidelines

underwriting manager

underwriting member

underwriting period

underwriting profit

underwriting risk

underwriting year experience

undue hardship

unearned premium (UEP)

unearned premium reserve

unearned reinsurance premium

unfunded retention

unfunded self-insurance

Unified Carrier Registration Agreement (UCRA)

Uniformed Services Employment and Reemployment Rights Act (USERRA) of 1994

uniform resource locator (URL)

Uniform Task Based Management System (UTBMS)

unilateral contract

unilateral extended reporting period provision

unimpaired surplus

uninsured motorist (UM) coverage

unit statistical card

universal life insurance

unplanned retention

unrelated business

unrelated business income tax (UBIT)

unrelated risk

unreported claims


unusual expenses

upset coverage


use and occupancy insurance

U.S. Longshore and Harbor Workers Compensation Act

utility service interruption coverage

utilization review




vacancy permit endorsement

vacancy provision

valuable papers and records coverage


valuation date

value-added services

value-at-risk (VAR)

valued business interruption coverage

valued coverage

value of risk (VOR)

value reporting form


vanishing premium

variable annuity

variable interest entity (VIE)

variable life insurance

vendors coverage

vendors dual interest coverage

vendors endorsement

vendors single interest coverage

venturi scrubbers


verbal threshold


vertical exhaustion rule

vessel in navigation


vexatious litigant

viatical settlement

vicarious liability

Video Privacy Protection Act (VPPA)

vis major

vocational rehabilitation



voluntary compensation endorsement

voluntary compensation maritime coverage endorsement

Voluntary Employees' Beneficiary Association (VEBA)

voluntary market

voluntary reserve

Voluntary Protection Program (VPP)

Volunteer Protection Act of 1997

voyage clause


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Our Location

Santa Maria & Company

1550 Parkside Drive, Suite 200
Walnut Creek, CA 94596
Main office: 925-956-7600
Toll free: 866-921-3347
Fax: 925-956-7601

Our Providers


I found the rare breed of insurance company that fights for you and stands by you. If you are looking for an insurance company that has integrity and amazing customer service, I would hands down, wholeheartedly recommend Santa Maria

Eli I., Remodeling Contractor
As a home builder in Northern California, I have endured numerous complicated issues while trying to protect my business from unforeseen liabilities, satisfying the multiple requirements of individual municipalities, and doing so at a reasonable expense. Santa Maria and Company has been instrumental in these dealings by providing quality advice, creative alternative solutions, and excellent service.

Dennis C., Home Builder
Santa Maria & Company helped guide our business through a difficult time by being proactive, informing us of potential obstacles, and avoiding surprises. Their customer focus has clearly covered the present, the future, and the 'what if' conditions that all businesses must deal with. We feel that our company is very well prepared to handle our complicated risk-related issues because of their support and guidance.

Robert M., Equipment Manufacturing Executive
The company is sincere, honest, always looking out for our best interests. They continually work to understand our business, to develop strategies to mitigate our exposure. That gives us a real competitive advantage.

Shaun M., Food Industry Risk Manager
Santa Maria & Company has helped us solve some tough insurance challenges, but they continue to identify emerging risks, such as cybercrime, and help us protect against them. Their customer service is fantastic.

Jeff B., Medical Industry CFO
This company knows the local insurance market better than the larger brokers ever could. They are true experts who take the time to explain all of our coverage options and help us make the right decisions. It's almost like having an insurance professional on staff.

Matt A., Food Industry Executive
It is a real advantage to work with risk insurance experts that have underwriting experience. Since we have been working with Santa Maria, we've grown a great deal and other companies are always trying to win our business. Santa Maria has the expertise in insurance and high tech industry risks that we need and their personal service is excellent.

Cynthia G., Technology Industry Executive