A general term used to describe a plan of employee coverage in which the employee pays at least part of the premium.
A general term used to describe a plan of employee coverage in which the employee pays at least part of the premium.
(1) In marine insurance: an award payable to a third party for services rendered to preserve maritime property from peril at sea.
(2) In property insurance: the residual monetary value of insured property damaged as a result of an insured peril.


