Insurance terms glossary.
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EIFS - Exterior Insulation Foam Systems
"EIFS is a type of exterior cladding sometimes referred to as a ""synthetic stucco"" and also known by individual brand names such as Dryvit, Sto and others. EIFS is More…
employer's liability
" Insurance that covers an employer's liability for bodily injury to employees occurring within the scope of their employment when that liability is not covered by workers' More…
Employment Practices Liability Insurance
" Protection from litigation involving your employees for Wrongful Termination, Discrimination, and Sexual Harassment can be purchased under a separatepolicy. This is NOT More…
Endorsement
The only way to change an existing policy is by endorsement. An endorsement is a document attached to an insurance policy that modifies the policy. A common endorsement is the Additional More…
Estoppel
"A legal principle that when an individual represents a material fact to another, who alters his position in reasonable reliance on the representation, the first may not deny that the More…
Exmod
"In California the experience modification or exmod is calculated by the Work Comp Insurance Rating Bureau (WCIRB) for insureds that generate a minimum amount of premium in the prior More…
Experience Modification
"In California the experience modification or exmod is calculated by the Work Comp Insurance Rating Bureau (WCIRB) for insureds that generate a minimum amount of premium in the prior More…
Experience Rating
"The development of a premium for a specific policyholder by using that insured's own loss experience to apply a premium modification factor to the manual rate. If the More…
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