Terms starting with E
Exposure, in the realm of commercial insurance, refers to the level of risk or vulnerability that a business or individual faces regarding potential losses or damages. It represents the extent...
Examination Under Oath (EUO) is a formal process in which an insurance company can investigate an insurance claim. During an EUO, the claimant, or anyone with knowledge of the claim,...
The Employee Retirement Income Security Act of 1974, commonly called ERISA, is a law that helps protect workers who participate in employer-sponsored health and retirement plans. The law establishes standards...
Express authority, within the realm of insurance, refers to a legal concept that may refer to the explicit powers and permissions granted by an insurer to an agent or representative....
Equitable estoppel is a legal doctrine that may refer to a principle used in insurance law and other areas of legal practice. It is a concept rooted in fairness and...
Equipment breakdown insurance, a specialized type of coverage within the insurance industry, specifically addresses the financial impact of unexpected malfunctions or failures of essential machinery and equipment. The definition of...
Endorsement insurance, a critical aspect of insurance policy management, refers to the process of making changes or modifications to an existing insurance policy. The definition of endorsement insurance encompasses any...
An employee benefits program is a type of compensation an employer provides to its employees in addition to their regular salary or wages. These benefits may include healthcare coverage, retirement...
Excess insurance is a type of insurance policy covering additional financial limits beyond what the underlying policy provides. However, it only offers higher limits; it doesn’t expand the term of...
The entire contract clause, also known as an "entire agreement clause," is a type of clause found in many contracts and legal documents. It is a provision that states that...
An employee assistance program (EAP) provides confidential and professional assistance for personal and work-related issues that may affect employee well-being and productivity. The employer offers the program to provide counseling,...
Employee benefits liability (EBL) is liability coverage for employers against errors and omissions when administering employee benefit plans, such as life insurance, retirement plans, health benefits, etc.
Earned premium is a technical term used in the insurance industry that may refer to the portion of a premium that an insurance company has earned. It is the amount...
Exclusion insurance may refer to a type of insurance policy that protects against certain types of losses while excluding other types of losses. Exclusion insurance is designed to provide coverage...