Payment system in which an insurance premium is deducted by the employer from the employee’s earnings and sent to the insurance company.
Tag: RAW
Payroll taxes
Taxes deducted from gross wages and salaries such as those for Social Security (Federal Insurance Contributions Act [FICA]) and unemployment insurance. Also called contributions and taxes.
PCCM
Abbreviation that means primary care case management. See primary case management (PCM).
PCP
Abbreviation for primary care provider, primary care physician, or primary care practitioner (PCP). See primary care physician (PCP).
PCS
Abbreviation that means prescription medication coverage (PCS), personal communication system (PCS), and physician coding specialist (PCS).
PD
A shorthand expression for property damage.
Peak
Time of a business day in which wireless customers can expect to pay full-service rates.
Peak Risk
An exceptionally large insurance in a portfolio of smaller insurance.
Peak season endorsement
Instead of buying insurance amounts reflecting values at the height of inventory, some enterprises are able to forecast times when values will be at their peak and use this endorsement to increase the amount of insurance during that specific interval.
Peak season endorsement (Property Insurance)
This endorsement offers more coverage on the insured inventory during peak seasons. The dates this increased coverage applies are listed in the endorsement.