B - GLOSSARY - Beneficiary: An individual or entity designated to receive benefits from an insurance policy or financial contract in the event of a claim. - Binder: A temporary agreement issued by an insurer that provides proof of coverage until a formal policy is issued. - Broker: A licensed individual or firm that acts as an intermediary between an insurance buyer and an insurance company, often providing advice and assistance in finding appropriate coverage. - Burglary Insurance: Coverage that protects against losses resulting from theft or attempted theft involving unlawful entry into a secured location. - Business Interruption Insurance: A type of coverage that compensates for lost income and additional expenses incurred when a business is temporarily unable to operate due to a covered event.