Education Monday: Multiple Employer Trust - An arrangement created to obtain health and other benefits for participating employer groups. Small employers can pool their contributions to receive the advantage of large group underwriting.
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Education Monday: Policy Exclusions - Expenses which are not covered under an insurance plan. This isn't always clear cut, ask scenario questions to your broker.
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Education Monday: Errors & Omission Insurance (E&O) is a type of professional liability insurance that protects companies, their workers, and other professionals against claims of inadequate work or negligent actions.
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Education Monday: Elimination Period is the amount of time a policyholder must wait between when an illness or disability begins and when they can begin receiving their benefits.
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Education Monday: Carrier is just another word for the insurance company who is providing insurance to the business, either P&C or health and welfare.
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Education Monday: Employee Benefits are technically non-financial compensation provided to an employee as part of the employment contract. Employee benefits may be required by law or provided voluntarily by the employer.
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