A High Merit Rating Means That an Employer Has High

question 57

True/False

A high merit rating means that an employer has high employee turnover or seasonal hiring.

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Definitions:

Coinsurance Clause

A provision in an insurance policy requiring the policyholder to bear a portion of the covered losses in exchange for a lower premium.

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.

Fire Damages

The losses or destruction caused to property, goods, or assets as a result of fire.

Coinsurance Clause

A provision in an insurance policy that requires the policyholder to bear a portion of the loss in proportion to the coverage amount, encouraging them to insure the property to its full value.