Abbreviation for emergency room. See emergency department (ED) .
Insurance Encyclopedia
Erection All Risks – EAR (Storage cum Erection – SCE) for Engineering Insurance
Erection All Risks provides virtually a comprehensive cover for the entire project of installation/erection of machinery and equipment where the cost of civil works does not exceed 5% of the project cost., from the time of arrival of the first lot of materials at site and terminates on completion of erection/testing/commissioning or the plant is taken over, whichever shall occur earlier and during the maintenance period thereafter. One month testing is inbuilt under the policy. The cover is an “All Risks” basis i.e., every hazard is covered which is not specifically excluded. Any sudden and unforeseen loss or damage occurring during the period of insurance to the property insured on the site of erection will be indemnified. Usually similar to Contractor’s All Risks Cover. Also, See Also: Engineering Insurance: Contractors’ All Risks.
Erection all risks insurance
A satellite market insurance covering the assembly and testing of launchers, satellites and their component parts. The testing comprises functional tests or simulated launchings, i.e. static firing of engines. The manufacturer may also be able to insure the loss of the incentive payment normally payable as a reward for the satisfactory operation of the satellite.
Ergonomic
Science and technology that seeks to fit the anatomical and physical needs of the worker to the workplace.
Ergonomics
Study of human characteristics for the appropriate design of living and working environments. Ergonomics attempts to ‘fit the job to the persons” through, for example proper lighting, furniture or equipment.
ERISA
An acronym standing for the 1974 Employee Retirement Income Security Act, which regulates certain employee benefit plans.
Erosion
The action on land of such natural causes as wind, running water, or ice causing wearing a way of elements of the land.
error and omissions (E&O) insurance
Type of insurance coverage for liability arising from a negligent act or mistake committed by an individual when doing professional work that may harm a client. It is usually purchased by those who are insurance agents and independent contractors who work as medical transcriptionists, medical billers, and medical coders.
Error-edit feature
Computer software element for insurance claims processing that edits claims for errors.
Errors and Omission Clause
A provision in reinsurance agreement which is intended to neutralize any change in liability or benefits as a result of an inadvertent error by either party.