Eligible employees
Employees who meet the eligibility requirements for insurance set forth in a group policy.
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Employee
An employee is a person who works under a contract (written, verbal or implied) of service or apprenticeship with an employer. Generally, a person is also defined as your employee if: you deduct National Insurance contributions and income tax from the salary you pay them you control when, where and...
Employers Liability
If you employ anyone it is most likely that you will need to have Employers Liability Insurance. This cover enables businesses to meet the costs of compensation and legal fees for employees who are injured or made ill at work through the fault of the employer. By law, an employer...
Endorsements
These are special or unusual provisions that have the effect of varying a standard commercial insurance policy wording, or they may be alterations made to the cover offered by the policyholder or insurer, after the policy has begun.
Establishment
An organization founded and united for a specific purpose.
Exceptions/Exclusions
Sometimes known as Exclusions, these are designed to limit the insurer’s risk and can be found in the small print of policies. Notable examples would be the exclusion of war risks and nuclear damage, property covered by other insurances, etc.
Excess
The amount of your claim you have to pay before your insurance cover kicks in. See Deductible.
Expiration Date
The date on which the policy ends.
Fidelity insurance
Also known as Crime Insurance, this covers your business against the loss of money or stock arising from theft or dishonesty by your employees. Click through to find out more information about Fidelity Insurance.
Financial Services Authority
The FSA is the regulatory body of financial and insurance sectors within the UK, giving both authority to trade and retaining the ability to retract authority.