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Ecclesiastical property

Churches, chapels and their equivalents, halls, Sunday school buildings, etc. As sums insured are not easy to assess, the fire policies covering these properties are made subject to the special condition of average. The Ecclesiastical Dilapidations Measures 1923 oblige the Church Commissioners to insure property, including the parsonage house, belonging to the benefice.

Economic credentialing

1. Process by which a managed care plan takes a physician’s economic behavior into account and endorses that a physician is competent to render medical services to members of the plan. A physician’s economic review might include tests ordered, hospital bed days, and outcomes. See also provider profiling . 2. Related to a hospital setting, it enables a hospital to obtain control over economic factors that affect the quality of medical care and range of medical services that a hospital can provide. 3. Analysis of claims and benefits data to identify cost, use, and quality of care by physicians, health care facilities, and allied health providers.

Economic loss

Total financial loss as a result of the death or disability of the wage earner or from destruction of property.
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UK: In tort, the term refers to losses that are ‘purely’ economic, i.e. those where the claimant has suffered financial damage but no personal injury or damage to property. Such losses are not generally recoverable in tort except when resulting from negligent statements made when a duty of care attaches, usually to a professional person, who has voluntarily assumed responsibility. Special damage, including pure financial loss (often extra expenses), resulting from a public nuisance is recoverable in tort. The courts prefer to deal with pure economic loss in the context of contracts rather than tort. For insurance implications see financial loss.