Your organization pays a set amount (analogous to a premium) for each employee based, among other things, on family size, into a special account that is maintained either by you or by the Third Party Administrator (TPA) that administers your plan.
The term comprehensive general liability insurance refers to a type of business insurance that protects companies from liability claims related to their business activities. Comprehensive general liability is usually suitable for medium and large companies in the servicing, manufacturing and processing fields. Continue Reading.
comprehensive coverage. Definition. Insurance designed to pay for the repair or replacement of the policy owner's car in the event of damage not resulting from an accident. Comprehensive coverage usually requires the payment of a deductible when a claim is made and may be required to secure a new car loan. Use this term in a sentence.