Eight diagnosis-related groups (DRGs) to which cases are assigned that are based on procedure codes before classifying them to a major diagnostic category (MDC). The eight DRGs are one each for the heart, liver, bone marrow, simultaneous pancreas/kidney transplant, pancreas transplant, and lung transplant and two for tracheostomies.
Insurance Encyclopedia
Premature delivery
Infant, regardless of birth weight, born before 37 weeks of gestation.
Premises
US: (1) In a property insurance policy, the location where coverage applies. Usually described in the policy with a legal address. (2) Building or land occupied or owned by an insured.
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Generally, a piece of land with a building or buildings upon it.
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The particular location of property or a portion thereof as designated in a policy.
Premises and operations liability
Once known as owners, landlords, and tenants legal liability, or as manufacturers and contractors liability, depending on the business’s activity, the term refers to the liability exposure of business entities to third parties (customers, guests, and passers by) who may become injured or have property damaged through the negligent acts of the business persons, their agents, or employees. Coverage of this exposure is by way of the commercial general liability policy. Contrast with Products and completed operations liability.
Premises and Operations Liability Insurance
A commercial liability coverage that protect against liability arising out of the ownership or maintenance of premises or out of the activities of employees away from the premises.
Premises and operations liability insurance (Liability Insurance)
A subline of general liability insurance. Provides liability coverage for potential hazards to a business operation or the business’ premises.
Premises and operations medical payments
Bodily injury rather than liability is the trigger for this coverage. Sometimes referred to as customer good will insurance, it is a relatively inexpensive addition to the commercial general liability policy and an automatic feature of personal liability protection. Since it responds to injury of customers or guests without regard to fault, it is sometimes effective in heading off a potentially much more serious liability claim against the owner or tenant of the business premises or private residence.
Premises Burglary
A burglary which occurs on an insured premises. Various insurance policies distinguish between coverage provided on and off an insured premises. Premises burglary coverage may be written separately or as part of a broader package of fire coverage or crime coverage.
Premises burglary (Criminal)
A term used in commercial forms to describe a burglary committed on insured premises. Under some commercial policies, this is considered a separate coverage.
Premises risk
Liability for injury/ damage arising from ownership or occupation of premises. The ‘premises risk’ is covered under public liability insurance. For some types of business, e.g. hotels and cinemas, it is the central risk. In other cases, e.g. electrical contractors, the risk is minimal as most work is done away from the premises. See also PUBLIC ACCESS RISKS; OCCUPIERS’ LIABILITY ACT 1957; OCCUPIERS’ LIABILITY ACT 1984.