Payroll Arrears is the damages claimed by a former employee, representing the wages and benefits that would have been paid to the former employee from the time the employee left until the claim was settled or adjudicated. For example, if an employee was illegally fired on January 1, 2013, the jury’s decision on January 1, 2015 would include 2 years of “salary arrears”. Most, but not all, Employment Practices Liability Insurance (EPLI) policies include “payroll debt” in their definitions of “covered losses”.
Backdated liability insurance is coverage purchased for claims after the event that caused the damage actually happened. This type of coverage is offered when the amount of the claim is very uncertain and could result in a long delay in payment. The premium charged by the insurer, combined with its investment value, is calculated as sufficient to cover all claims related to the incident. This is not a public coverage type.
Return hauling refers to the practice of a trucker to carry a certain cargo one way, and on the return journey carry another cargo or cargo of unknown type or kind for a fee. Returning with a load for a fee saves on costs, since the return trip must be made by a trucker in any case.
Bad faith is a term that describes grossly dishonest behavior that goes beyond mere negligence on the part of an insurance company. For example, a bad faith claim can arise if an auto liability insurer arbitrarily refuses to settle a claim under a policy when the insured’s liability is undisputed. Unfair damages, also known as non-contractual damages, are often significant. They often exceed the limits of the insurance policy that is the subject of the claim.
A custodian is a person or organization who is entrusted with the possession of another’s property, usually for storage, repair, or maintenance. With the exception of policies issued specifically for such purposes, most property policies specifically prohibit coverage in favor of the custodian.
Bailee Coverage is domestic marine insurance for property transferred to an insured person for storage, repair or maintenance. It is usually bought by businesses such as dry cleaners, jewelers, repairers, furriers, etc.
Balance Billing is the practice of billing injured workers for the portion of medical bills that an employer or insurer refuses to pay. This practice is banned in all but a few states.
Ban-the-Box legislation is legislation requiring that job application questions relating to most types of criminal convictions be removed from applications and/or not asked of an applicant until a second interview or conditional offer of employment has been made. work. (Bath laws are also known as “fair odds” laws.) There are two rationales behind the crate ban legislation. First, approximately 70 million people have some form of criminal record. Potentially excluding (or even reducing the chances of) so many from participation in the labor force would have serious negative economic and personal consequences for a huge number of people. Secondly, it is almost universally recognized that the presence of a criminal record significantly complicates employment. This, in turn, increases the likelihood that a person recently released from prison will not be able to find a job, which increases the likelihood that the person will return to criminal activity and eventually end up in prison. As of October 1, 2016, 24 states (plus Washington DC) and more than 150 cities and counties have enacted ban boxes.