Coverage designed to protect the employer against claims by employees or former employees resulting from negligent acts or omissions in the administration of the insured's employee benefits programs . Coverage designed to protect an employer from financial loss due to the fraudulent activities of one or more employees. The coverage includes protection for loss of money, securities, and other property of the insured. Some scheduled policies are still available, but the majority are written on a blanket basis. This provides coverage for all employees, subject to the policy definitions.
All acts involving the same employee or group of employees is considered one occurrence.
Legislation passed in 1974 applying to most private pension and welfare plans that requires certain minimum standards to protect participating employees. 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. Life insurance payable to the policyholder if living, on the maturity date stated in the policy, or to a beneficiary if the insured dies prior to that date. The terms for the business to buy back a deceased's share of the business's ownership. Coverage designed to cover losses and liabilities arising from damage to property by pollution.