The word gross is often used in short term insurance, such as car insurance terms. Let us look at some of them:

Gross Negligence: If you want to claim from your car insurance after causing an accident while driving recklessly, without regard to life or limb, under the influence of drugs or alcohol, it will be called gross negligence. Gross negligence is being very seriously negligent and the insurance company will refuse to pay out anything on your claim. Not only was your behaviour grossly negligent it is also against the law and therefore an exclusion in car insurance policies. You cannot obtain insurance for any illegal act.

Gross is also often used in bookkeeping terms, meaning before deductions – when referring to income the term gross income means before the deduction of tax.

Gross claim amounts are the amounts payable by an insurance company before allowances is made for credits that may be due in the form of reinsurance, subrogation or salvage.

Gross premium income refers to the premiums due by insured persons to an Insurance Company for all the insurance contracts on its books before any deduction is made for the cost of re-insurance. (See re-insurance in this glossary for more details.)