Completed Operations Insurance
Definition of "Completed operations insurance"
Coverage for a contractor's liability for injuries or property damage suffered by third parties as the result of the contractor completing an operation. The contractor must take reasonable care in rendering a project safe and free from all reasonable hazards.
Popular Insurance Terms
Payment under a state-sponsored program for victims of crimes. ...
States that allow the placement of surplus lines only with insurance companies that the states have approved. ...
Interest earned but not yet paid for a period of time that has elapsed since the last interest payment. ...
Date, in insurance, on which a person becomes one year older. Depending on the insurance company, premiums in life and health insurance manuals are figured to the age-nearest-birthday or ...
Government-supervised health care system with economic incentives for providers and consumers. ...
Funding of an employee's benefits in a pension plan for his or her beginning past service of employment. This is a significant cost factor in pension planning and financing of future ...
Insurance that combines features of flexible premium life insurance and universal life insurance into one policy in the following manner: Premiums after the required minimum initial premium ...
Coverage that pays a fixed dollar amount of interest at regular intervals. ...
Illness contracted as the result of employment-related exposures and conditions. Coverage for such diseases is found under workers compensation insurance. ...
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