Risk And Occupation


Definition of "Risk and occupation"

Frequency and severity of accidents resulting from conditions and environment surrounding one's workplace. Occupation is an important underwriting factor when considering an applicant for insurance.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Salary Continuation Plan

Arrangement, often funded by life insurance, to continue an employee's salary in the form of payment ...

Income Policy

Proceeds from a life insurance policy paid on a monthly basis instead of in a lump sum. ...

Employee Assistance Programs (eaps)

Programs that deal with troublesome personal and family problems such as alcohol and drug abuse, mar ...

Underfloor Wiring System

Wires, such as for electricity, places beneath the floor of a structure. ...

Receivership/rehabilitation

Case where an insurance company is placed by the state court under the control of the state insuranc ...

Insuring Clause

Essential part of an insurance policy. It names the individual (s) covered, property and locations c ...

Related Real Estate FAQ

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

7 Things to Consider Before Moving to a New City Top Five Reasons Your Home Offer was Rejected What is Escrow and how does it Work? How is Square Footage Determined? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes?

FAQ

How do I file an Insurance Claim? What is a cap? What is an annuity? What are closing costs? What is homeowners insurance?