How does “A policy and its terms” work on the Insurance page?

A policy is the cover — Employers' liability with this broker. A term is one year of it: insurer, policy number, period, limit, excess, premium, how it was paid. The current term is whichever contains today; a term ending within ninety days makes the policy renewal due; no term containing today means expired, lapsed or not yet recorded. Placing a renewal is adding the next term on the policy's page — the register never asks you to re-create the policy — and the schedule, certificate and wording are attached to that term. Claims are recorded against the term they fall in, with reserve, paid and the excess borne, and a fleet incident recorded in Fleet can be opened from its claim. Where: Insurance (/accounts/insurance).