A law that established a national, hourly minimum wage and promulgated eligibility rules for overtime pay. The Wage and Hour Division of the U.S. Department of Labor administers the law, and virtually all wage and hour claims cite a violation of the FSLA. Wage and hour claims allege that workers classified by employers as “exempt” (and therefore ineligible for overtime pay), are in fact, entitled to overtime pay. Wage and hour claims are a serious exposure for employers; a number of class action wage and hour claims have settled for more than $10 million.
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A law that established a national, hourly minimum wage and promulgated eligibility rules for overtime pay. The Wage and Hour Division of the U.S. Department of Labor administers the law, and virtually all wage and hour claims cite a violation of the FSLA. Wage and hour claims allege that workers classified by employers as &#8220exempt&#8221 (and therefore ineligible for overtime pay), are in fact, entitled to overtime pay. Wage and hour claims are a serious exposure for employers a number of class action wage and hour claims have settled for more than $10 million.

US: Amount payable to an insured homeowner for loss of rental income due to damage that makes the premises uninhabitable.
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An amount payable to an insured homeowner for loss of rental income due to damage that makes the premises uninhabitable.
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Fair rental value is a provision in the additional living expense coverage in a homeowners policy. The coverage pays the rental income a homeowner looses if part of the dwelling was rented to a tenant and an insured peril has caused the home to become uninhabitable. (See Homeowners).