Chapter 16,17,18

Term
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Errors and omissions liability is also known as
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Terms in this set (20)
Errors and omissions liability is also known as
professional or malpractice insurance
wrongful acts
Acts which cause harm but which may not necessarily involve negligence
claims made basis
the policy in effect at that time is the the one that pays
mini-tail reporting period
60 days to report a claim
midi-tail reporting period
5 years to file a claim as long as the insurer knew of the issue 60 days from the occurrence
retroactive date
the date before a policy will refuse to pay a claim
EPL
employment practices liability
EPL covers
discrimination, demotion, wrongful termination and more
EPL will cover defense cost
true
EPL has a detectable
yes chosen by insured
EPL needs what to settle a claimconsentEPL has a written claim basisyesEPL claims must be reported after how long30 daysworkers comp (part 1)protects the employees who have work-related injuries or work-related diseaseswhat is the limit of liability for workers compthere is no limit...the state determines amount that's paidemployers liability (part 2)protects employer by someone who isn't an employee but sued to due being effected by the incident (spouse)where does workers comp take affectonly in the state of the employer (at work)FELA (federal employers liability act)covers railroad workersjones actcovers workers injured on ocean-going vesselsother states coverage (part 3)covers workers (if insurer is aware before hand) in other states