US: Employment income derived from salary, wages, commissions, or fees.
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MEDICAL,USA: Money derived from personal services (i.e., salary, wages, commissions, or fees).
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The money a person earns from working at a job.
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The money individuals earn as a result of working at some job or occupation for which they are paid a salary.
Tag: US
Eligible insurer
An insurer that is allowed to write surplus lines business in the state of Texas. These insurers must be included on the Surplus Lines Insurers List and must meet the requirements of TIC 981, Subchapter B, and TAC 28 Secs. 15.8 and 15.9.
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An insurer that is allowed to write surplus lines business in the state of Texas. These insurers must be included on the Surplus Lines Insurers List and must meet the requirements of TIC 981, Subchapter B, and <a href="https//texreg.sos.state.tx.us/public/readtac$ext.TacPage?sl=R&app=9&p_dir=&p_rloc=&
Embezzlement
US: Fraudulent use or taking of another’s property or money which has been entrusted to one’s care.
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Misappropriation by an employee of money or goods of the employer coming into possession of the employee before they reach actual or constructive possession of the employer.
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UK: The conversion to his own use by an employee of property received by him on behalf of his master (Larceny Act 1916, s.17 (1)). It now falls within the definition of theft (Theft Act 1968). It is a fidelity guarantee risk, not insurable under a theft insurance except in a limited way under money insurance.
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The fraudulent use of money or property that has been entrusted to one’s care.
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MEDICAL,USA: Willful act by an employee of taking possession of an employer’s money.
Employers liability coverage
This coverage provided by part 2 of the workers compensation policy provides coverage to the insured (employer) for liability to employees for work-related bodily injury or disease, other than liability imposed on the insured by a workers compensation law.
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a feature of standard workers compensation policies, This Coverage applies to liability that may be imposed on an employer outside the provisions of a workers compensation law.
Endorsements
An additional piece of paper, not a part of the original contract, which cites certain terms and which, when attached to the original contract, becomes a legal part of that contract. An amendment of the policy usually by means of a rubber stamp or rider.
Equipment breakdown insurance
Coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment, including photocopiers and computers. Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown. Resulting business income and extra expense loss is often covered as well. Equipment breakdown insurance is increasingly replacing traditional boiler and machinery (BM) insurance, in part simply because the title is more descriptive of the coverage provided. Also, today’s equipment breakdown policies typically provide slightly broader coverage than traditional BM policies, and they usually do not use the specialized terminology found in traditional BM policies.
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Covers breakdown to covered equipment due to electrical or mechanical failure or failure of pressure or vacuum equipment. See Boiler and machinery insurance.
Errors and omissions (E&O) insurance
An insurance form that protects the insured against liability for committing an error or omission in performance of professional duties. Generally, such policies are designed to cover financial losses rather than liability for bodily injury (BI) and property damage (PD).
Errors and Omissions Insurance
Liability insurance policy that provides protection against loss incurred by a client because of some negligent act, error, or omission by the insured.
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Policies generally available to the various professions that require protection for negligent acts and/or omissions resulting in bodily injury, personal injury and/or property damage liability to a client. For example, law firms are often exposed to the claim that inadequate or improper legal advice was provided resulting in a claim by the client that they suffered a loss. (02) A form of insurance which covers losses resulting from financial institutions failing to effect appropriate insurance coverage.
Estoppels
Legal doctrines that prevent a person from denying the truth of a previous representation of fact, especially when such representation has been relied on by the one to whom the statement was made.
Event insurance
Provides package coverage for the sponsor of public or private events, such as concerts, festivals, conferences, trade shows, sporting events, and celebrations, to name a few. Available coverages include property insurance, general liability insurance, employers liability insurance, and cancellation insurance.