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 insurance. Definitions (2) 1. Term used for a variety of insurance policies providing broad protection. 2. In car insurance, coverage which pays to repair or replace the policy owner's vehicle and personal property inside of it if it was damaged or lost due to other agents, such as fire, theft, flood, or vandalism.