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      • Paid time off (PTO) is a benefit program offered by many companies which allows employees to take off for a specific number of days and still receive compensation. This generally includes absences related to vacation, illness or personal circumstances.
      www.mightyrecruiter.com/recruiter-guide/hiring-glossary-a-to-z/paid-time-off-pto/
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  2. Jul 17, 2024 · Business interruption insurance is coverage that replaces income lost if a business is halted due to direct physical loss or damage, such as that caused by a fire or a natural disaster.

    • Julia Kagan
  3. Jun 25, 2021 · 'Run-off' or 'tail' cover typically refers to a type of professional liability insurance that a business or person uses after they stop trading —for instance in case of death or retirement.

  4. 'Run off' insurance is professional indemnity insurance which covers the historic liabilities of a business and its directors when the business ceases or is acquired. You may be considering selling or merging your firm and it is important to understand the full implications of 'run-off' insurance.

  5. Feb 25, 2024 · Indemnity is a type of insurance compensation paid for damage or loss. When the term is used in the legal sense, it also may refer to an exemption from liability for damage.

  6. PAY OFF definition: 1. If something you have done pays off, it is successful: 2. to pay back money that you owe: 3…. Learn more.

  7. Aug 31, 2021 · Runoff insurance protects an acquiring company from legal claims made against a company being acquired or a company that has merged or ceased operations. A runoff policy applies for a certain...

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