For the Most Part, the Dollar Value of Employment Practice

question 98

True/False

For the most part, the dollar value of employment practice claims ranges from $100,000 to $250,000, with insurance premiums ranging from $12,500 to $17,500.

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Definitions:

Mutual Agreement

A mutual agreement is an understanding or arrangement made between two or more parties, usually detailed in a formal contract.

Discharge

The release or termination of a person’s duty, debt, or obligation, effectively relieving them from responsibility.

Novation

The act of replacing one obligation with another, essentially altering the parties, terms, or obligations of a contract.

Quilt

A multi-layered textile traditionally composed of a woven cloth top, a layer of batting or wadding, and a woven back, usually stitched together.