Coverage

(redirected from coverages)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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 ?
In our "2 Zorro zone" (zone pressure), we play the under coverage the same as we would in classic Cover 3, and play the 1/2 defenders as we would in Cover 2.
The declarations page customizes the policy, showing the insured's name and address, the coverages purchased, the limits of coverage, the policy period, etc.
Expanded employee dishonesty coverage to include an option for restoration costs protection when an employee maliciously destroys electronic information;
The coverage is generally going to be the same, whether it's a surface mine of underground, but the premiums are going to be radically different.
The curl pass pattern and the various options produced a high success rate against all the pass coverages in our league.
There are a lot of companies offering commercial auto coverages.
TRIA excludes from coverage acts committed in the course of a declared war and sets a deductible for individual companies of 10% and 15% of direct earned premiums in 2004 and 2005, respectively.
This new suite of contemporary coverages responds to the special needs of our private and non-profit policyholders, while streamlining policy building and management.
The Hartford also offers a wide range of management liability coverages through its Hartford Financial Products division.
E[acute accent]Choice of Law Issues in Insurance Coverage Litigation
AIG reports it is offering the coverage because public and regulatory scrutiny, new rules and pending legislation are expected to increase both the responsibilities and potential liabilities of independent board members.
Community banks and credit unions will have broader protection from claims involving negligence in disclosing inaccurate financial information about a borrower or failure to uncover a pyramid scheme run by a customer under SelectOne(SM) coverage enhancements introduced today by St.