Insurance Glossary

::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::

Embezzlement - Fraudulent use or taking of another's property or money which has been entrusted to one's care.

Employers liability insurance - A feature of standard workers compensation policies, this coverage applies to liability that may be imposed on an employer outside the provisions of a workers compensation law.

Exclusions - Specific conditions or circumstances for which the policy will not provide benefits.

Earned Premium - The part of the total insurance policy premium which applies to the portion of the policy period which has already expired.

Economic Loss - The estimated total cost, both insured and uninsured, of accidents (such as motor vehicle accidents, and fires); includes such factors as property damage, funeral expenses, wage loss, insurance administration costs, and medical, hospital and legal costs.

Effective Date - The date on which the insurance under a policy begins.

Elimination Period - A period of time between the period of disability and the start of disability income insurance benefits, during which no benefits are payable. (See Waiting Period.)

Endorsement - An amendment of the policy usually by means of issuance of an additional document.


Contact Us

Al Ahlia Insurance
        P.O. Box 5282, 4th floor
        Chamber of Commerce Building
        Manama, Bahrain

Marketing@alahlia.com

0973 17 225860

0973 17 224870