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Occupational Safety and Health Act (OSHA)
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In insurance terminology, this refers to the type of business and personal property contained in the building. It is an important consideration in computing rates and determining the amount of insurance a company is willing to write on that property.
This refers to what the building is used for or the nature of its contents.
An accident occurring in the course of one’s employment and caused by inherent or related hazards.
An accident that occurs while on the job.
Impairment of health caused by continued exposure to conditions inherent in a person’s occupation.
An illness that results from a person’s place of employment or over the course of employment.
Legislation providing for minimum health and safety for individuals in the performance of their labors.
A federal statute that establishes safety and health standards on a nationwide basis.
An accident, including continuous or repeated exposure to substantially the same general, harmful conditions, that results in bodily injury or property damage during the period of an insurance policy.
An event that results in an insured loss.
Insurance of ships and their cargoes and the various liabilities involved.
Coverage for seagoing vessels and their cargoes.
A policy clause providing insurance protection on personal property while it is away from the premises named in the policy.
Coverage that protects your property while it is away from the insured location.
The definitions contained herein are for informational purposes only,are not intended to be all inclusive, and may not apply in all situations. You should not rely on these definitions for interpretation of policy coverages, terms and conditions.