Embedded Value is a measure of the value of a business currently found on the books of an insurance company; it includes the adjusted net worth (the market value of the assets supporting the surplus) plus the present value of expected future profits from the going concern. (Integrated value differs from appraised value in that the latter also includes the value of a future new business.) A measure of efficiency is often expressed in terms of growth (ie annual increase) in embedded value.
The Professional Liability of Emergency Medical Technicians (EMTs) and Paramedics is a cover to protect the municipality or independent EMT service organization and its employees from liability arising from the provision of paramedical services. It generally does not cover foul play, paramedics performing general anesthesia, punitive damages, or medical malpractice claims against a paramedic who is also a doctor, surgeon, or dentist.
The Emergency Medical Services and Active Labor Act (EMTALA) is a law that makes hospitals liable for what is known as “patient dumping.” This happens when (1) a hospital capable of providing the necessary medical care transfers the patient to another facility, or (2) the hospital simply refuses the patient due to the person’s inability to pay for services. EMTALA was adopted to ensure that every patient for whom the hospital determines a medical emergency is either treated until the condition stabilizes or is appropriately transferred to another healthcare facility, unless the patient refuses to consent to the recommended treatment or transfer. Hospitals that knowingly, intentionally, or negligently fail to comply with EMTALA are subject to termination or suspension of Medicare provider agreements. Hospitals, as well as their physicians in charge, are also subject to civil monetary penalties of up to $50,000 for each violation of the regulations. Hospitals and physicians may also be held professionally liable in state or federal court if patients are injured as a result of improper transfer.
Emergency response values are concentrations of chemicals published by various groups that define allowable levels for short-term exposure in emergency situations.
Professional liability insurance for lawyers employed is professional liability insurance for lawyers employed by corporations, not law firms, or those who work as solo practitioners. The need for such policies arises because both commercial liability (CGL) and directors and officers (D&O) policies generally do not cover the activities of professionals, including corporate lawyers.
Employee as Lessor An endorsement is a commercial vehicle endorsement (CA 99 47) that can be used to provide coverage on a primary basis for a vehicle owned by an employee of a specified policyholder and described in the endorsement. The vehicle described will be considered an insured vehicle owned by the named insured, not an insured vehicle that the named insured hires, borrows or rents. The difference is important because under CA 99 47 approval, the policy will provide basic coverage for these vehicles. An unapproved commercial car policy will only provide excess coverage.
The Employee Assistance Program (EAP) is a set of services provided by an employer to an employee to treat and prevent mental and addictive behavioral problems. Other issues that can create stress in an employee’s life, such as interpersonal and family relationships, are also included in the scope of the EAP. The main goal of the EAP is to help the employee maintain a good outlook and therefore be a highly productive and well-adjusted worker.
Employee benefit programs are benefits, such as health and life insurance, provided to employees in the workplace that are usually paid for in whole or in part by the employer.
Employee benefit liability is the liability of an employer for an error or omission in the administration of an employee benefit program, such as failing to notify employees of employee benefit programs. Covering this risk is usually provided by an endorsement of a general liability policy, but can also be provided by a fiduciary liability policy.