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...