Glossary

Embedded value is the measure of the value of business currently on the books of an insurance company; it comprises adjusted net worth (the market value of assets supporting the surplus) plus the present value of expected future profits on in-force business.

Emergency medical technician and paramedics professional liability (EMT) insurance provides coverage to a municipality or an independent emergency medical technician service organization and its employees against liability arising from paramedical services.

The Emergency Medical Treatment and Active Labor Act (EMTALA) is a law imposing liability on hospitals for what is known as "patient dumping.

Emergency response plan is set of written procedures for dealing with emergencies that minimize the impact of the event and facilitate recovery from the event.

Emergency response values are measures of chemical concentrations, published by various groups, that define acceptable levels for short-term exposures in emergencies.

Employed lawyers professional liability insurance covers lawyers who are employed by corporations rather than law firms, or those operating as sole practitioners.

Employees as additional insureds is a form of general liability endorsement used with pre-1986 commercial general liability (CGL) forms to provide insured status to employees of the named insured business.

The employees as insureds endorsement (CA 99 33) may be used to extend nonowner liability coverage to cover the individual liability of employees while they are using their own autos in the employer's business.

An employee assistance program (EAP) is a compendium of services provided by the employer for the employee to address the treatment as well as prevention of mental and addictive behavioral problems.

The employee as lessor endorsement, a commercial auto endorsement (CA 99 47), may be used to afford coverage on a primary basis on an auto that is owned by an employee of the named insured and is described on the endorsement.