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Insurance

Directors and officers liability insurance (D&O)

Directors and officers of a company can be held liable for their negligent actions or failures to act, as well as for any false or misleading statements made that lead to legal action against the company. This type of insurance coverage is essential in protecting companies and their leaders from the financial repercussions of such lawsuits, which are commonly brought by shareholders. It is important for those in the finance industry to understand the significance of this type of insurance and its role in mitigating potential risks for businesses.

Catastrophe

In the realm of finance, there exists a term known as "catastrophe". This term is commonly used for statistical purposes to denote a single event or a string of closely linke...

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Precertification

Prior authorization is a crucial cost-containment strategy in which non-emergency medical services must be approved before treatment can be provided. This helps control healt...

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Completed operations coverage

Liability insurance covers the cost of any bodily injury or property damage caused by a completed project or job. This is a crucial protection for businesses that offer serv...

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Pooling

of investors is known as pro rata Pro rata refers to the practice of distributing total losses among a group of investors. This is done in proportion to each investor's sta...

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