E&O
Errors and omissions insurance, shortly known as E & Q. Errors and omissions exposure pays your security costs if you're sued for negligence in providing a product or service to a client.

Earned Premium
Share of a premium for which protection has already been provided by the insurer. Insurance premiums are payable in proceed but the insurance company does not fully earn them until the policy episode expires.

Earnings Adequacy Ratio
Normal and Poor risk, accustomed calculate of earnings performance.

Earthquake Insurance
Covers a construction and its contents, but includes a large profit deductible on each. A special policy or support exists because earthquakes are not covered by standard homeowners or the majority business policies.

Effective Date
Date when the insurance coverage begins.

Economic Loss
Sum of financial loss resulting from the death or disability of a wage earner, or from the devastation of property. Includes the defeat of earnings, medical expenses, funeral expenses, the cost of bring back or replacing property, and legal expenses.

Elimination Period
A type of deductible or waiting period usually found in disability policies. It is calculated in days from the beginning of the illness or injury.

Employers Liability
The workers reimbursement policy that provides coverage for proceedings filed by injured employees who, under certain circumstances, can sue under common law.

Endorsement
A written or printed form fond of to an insurance policy that alters the policy’s coverage, terms, or conditions. It is also called as rider.

Endowment
Life assurance to be paid to the policyholder if living, on the maturity date stated in the policy or to a beneficiary if the insured dies before that date.

Enrollment Card
The Document indicated by a qualified person indicating a desire to participate in a group insurance plan. The file or card authorizes an employer to deduct contributions from an employee's pay.

Equity
Equity is the surname given to the whole area of the authorized organization in countries following the common law tradition that resolves disputes between persons by resort to principles of fairness. The variation between the market price of a property and the claims detained against it

Equity Assets
Regular stock, real estate, and all other miscellaneous invested assets

Exclusion
A condition in an insurance policy that eliminates coverage for certain risks, people, property classes, or locations.

Exclusive Agent
A confined agent, or a human being who represents only one insurance company and is controlled by conformity from submitting business to any other company unless it is first rejected by the agent’s company.

Expense Ratio
The calculation of general insurance expenses, straight commissions, and net commissions and expense payments on reinsurance assumed and ceded, as a profit of net premiums and annuity and fund deposits.

Experience
Association usually expressed as a percent or ratio, of claims to premiums for a stated episode.

Extended Coverage
An endorsement supplementary to an insurance policy, or clause within a policy, that provides additional coverage for risks other than those in an essential policy.

Extended Term Insurance
A structure of insurance available as a non forfeiture opportunity. It offers the original amount of insurance for a restricted period of time.