With regard to a fire, the methods of final extinguishment used by firefighters. This includes cleanup of debris. Progressive departments will only minimally disturb the contents to aid in fire cause determination.
Insurance Encyclopedia
Overhead
Charges of a fairly fixed nature which do not vary with the volume of activity. Light water rent and some taxes are overhead items.
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Fixed charges which do not vary proportionately with the amount of business done.
Overhead and profit
Costs involved in doing business such as office staff, rent, supplies, equipment job-related overhead is building permits, fees, inspections, utility hook-up charges, blueprints, surveys, and other such tasks. Profit is positive return on investment. Overhead and profit become an issue in replacement cost settlement of property losses.
Overhead Disability Insurance
A type of short-term disability income contract that reimburses the insured person for specified, fixed monthly expenses, normal and customary in the operation and conduct of his business or office.
Overhead Expense Insurance
Insurance which covers such things as rent, utilities and employee salaries when a business owner becomes disabled. The insurance benefit is generally not a fixed amount, but pays the amount of expenses actually incurred.
Overhead expense insurance (Health Insurance)
Disability insurance for business owners. In the event that the business owner becomes disabled, this insurance will pay rent, bills such as utilities, and salaries for the business employees.
Overhead Insurancebut
A type of short-term disability income contract that reimburses the insured person for specified, fixed monthly expenses, normal and customary in the operation and conduct of his/her business or office.
Overheating
Excessive heating. If a boiler or self-fired pressure vessel accidentally suffers a general deficiency of water while working, severe damage may be caused to the boiler shell, firebox, etc. The risk is insurable as a whole or, in the case of a multi-tubular boiler, limited if desired to the overheating of the tubes only. The cover is for ‘self damage’ only and is put into effect as an extension of the boiler and pressure plant policy.