Coverage


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Coverage

Coverage

1. The specific insured events for which an insurance company will pay a benefit. For example, a life insurance policy provides coverage in the event of death. Likewise, a health insurance policy provides money in the event of illness. Generally speaking, an insurance policy outlines what it covers and the benefits it provides under different circumstances.

2. A measure of a company's ability to pay its fixed liabilities. It is calculated by determining by subtracting its fixed payments from its operating income. High coverage indicates that the company can easily make its payments and indeed is able to set funds aside to do so in the event its income declines. Low coverage means that the company can make its payments but that it has less flexibility in doing so. A negative number indicates that the company cannot pay its fixed liabilities. The payments included in this calculation are lease payments, dividends on preferred stock, and debt service. It is also called fixed-charge coverage.
References in periodicals archive ?
Some industry experts say individual policies, however, offer several advantages over group coverage including portability and the security of not being cancelled by an employer at any time.
These facts mean that the coverage under a typical private company D & O policy actually has been expanded to provide protection against many forms of corporate liability.
The contribution limit for an individual eligible for calendar-year 2005, is the lesser of (1) the HDHP annual deductible (minimum of $1,000 for self-only coverage and $2,000 for family coverage) or (2) $2,650 for self-only coverage and $5,250 for family coverage (Rev.
Roberto Smeraldi, the director of the Brazilian office of Friends of the Earth, says the new coverage could prompt businesses in Brazil to be more proactive with their environmental practices here.
The customized policies for music professionals are provided to ensure the appropriate coverage is received by all MTNA members.
As a result, Xcel's executives now seek input from the media relations department regarding the strategic direction for marketing and public policy plans, based on news coverage, modeling and customer satisfaction.
For those seeking more sobriety, more impartiality (and less pulchritude) in their coverage, here are some options:
If the malpractice coverage for the supervising dentist fails to cover the dental assistant, they may face a personal exposure.
During his weekly radio address in August, the president cited the recent initiative in New York that provided health insurance coverage to over 610,000 low-income residents while using existing funds.
Property coverage covers damage to buildings, personal property, equipment, and contents caused by specific perils, such as fire, lightning, explosions, windstorms and hail, smoke, aircraft or vehicles, vandalism, and more, as named in the policy.
For example, if non-key employees elect $9,000 a month in health insurance coverage, key employees could elect $3,000 a month of medical expense reimbursement.
Jackson has since switched from the Medigap policy to an HMO at a cost of $39 per month, has retained his Medicare coverage and pays $150 per month separately for prescriptions, since his HMO does not provide prescription drug coverage.