Glossary

Endowment insurance refers to a form of life insurance that pays the face value to the insured either at the end of the contract period or upon the insured's death.

Energy release theory is a theory of accident causation and control that was developed by Dr. William Haddon Jr.

Energy Risk and Insurance Specialist (ERIS ® ) is an insurance certification program that consists of a series of courses focusing on the risk management and insurance needs of the energy industry.

Enforceable requirements are conditions or limitations in permits issued under the Clean Water Act, section 402 or 404, that, if violated, could result in the issuance of a compliance order or initiation of a civil or criminal action under federal or applicable state laws.

An enforcement decision document (EDD) provides an explanation to the public of the Environmental Protection Agency's (EPA's) selection of the cleanup alternative at enforcement sites on the National Priorities List (NPL).

Engaged in trade or business (ETB) is a US income tax term referring to an offshore captive whose business is really being run from onshore, in which case it is ETB and fully taxable in the United States.

An engagement letter is written by a professional, most often an accountant or attorney, stating the scope of work that will be performed for a given client with regard to a specific project.

In the United Kingdom, engineering insurance is a policy that provides boiler and machinery (BM) inspection services as well as coverage for the pressure vessel and any internal accidents.

The Engineers Joint Contract Documents Committee (EJCDC) is a joint venture of key contractor and engineering professional associations charged with producing standardized documents for use on construction projects involving the use of engineering services as well as guidelines and commentaries on the use of these documents.

An ensuing loss clause is an exception to an exclusion in a first-party property policy that applies in a special type of fact pattern where the damage caused by an excluded peril operates as a link in the "chain of events" that enables a covered peril to damage other property.