Glossary entry (derived from question below)
English term or phrase:
Coverage plan: Executive
English answer:
insurance coverage for a businessman?
Added to glossary by
Empty Whiskey Glass
Nov 21, 2011 11:59
12 yrs ago
6 viewers *
English term
Your language solution
Native in: Bulgarian 
Works in: Bulgarian, English to Bulgarian, Russian to Bulgarian, and 2 more.
Coverage plan: Executive
English
Law/Patents
Insurance
Coverage plan: Executive
This is an insurance term. I need to know what 'executive' implies here.
This is an insurance term. I need to know what 'executive' implies here.
Responses
7 mins
Martin Riordan
Brazil
Brazil
Native in English
&
English
Brazil
Brazilian lawyer - 40+ years in Brazil
Native in: English (Variants: British, UK, Irish, US, Australian, Canadian, New Zealand, Scottish) 
, Portuguese (Variants: Brazilian, Mozambican, Angolan, European/Portugal)
Works in: Portuguese to English, English to Portuguese, English, and 1 more.
Related KudoZ points
:
8
Selected
insurance coverage for a businessman?
Normally such terms are used to differentiate the coverage offered by the plan. This one may be directed towards businessmen. But without more context, it is impossible to be more specific.
Note from asker:
| Unfortunatelly, there is no much context, this is just a short certificate with the summarized details of the coverage, such as period, premiut, etc. |
4 KudoZ points awarded for this answer.
Comment: "Thanks! In this case this is the correct answer."
21 mins
insurance for a business covering loss of key personnel
"Executive" seems to refer to an insurance policy taken out by a business to cover it against the loss of a person crucial to its success and profitability:
"Executive Coverage
Executive Insurance Service
Key Person Insurance
This type of insurance is designed to protect a business in the event of the loss of a person who makes a significant contribution towards the profitability, stability and progress of the business.
Often times, an owner, partner, shareholder, or executive brings a specific expertise to the company. The death or disability of those persons could result in some business interruption in some fashion:"
http://www.winchgroup.com/executive_insurance_services.asp
"Executive Coverage
Executive Insurance Service
Key Person Insurance
This type of insurance is designed to protect a business in the event of the loss of a person who makes a significant contribution towards the profitability, stability and progress of the business.
Often times, an owner, partner, shareholder, or executive brings a specific expertise to the company. The death or disability of those persons could result in some business interruption in some fashion:"
http://www.winchgroup.com/executive_insurance_services.asp
Peer comment(s):
| neutral |
Samantha Payn
: This type of coverage would usually be referred to as "Key Person" cover. The website you refer to explains in layman's terms how this insurance is applicable to business exucutives.
4 hrs
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In this company, "executive cover" means key person insurance. I admit it will not necessarily mean that in all cases.
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+1
1 hr
Michael Wise
Spain
Spain
Native in English
&
English
Spain
Dynamic, precise text for researchers.
Native in: English (Variants: US, British, UK)
Works in: English, Spanish to English, Catalan to English
Executive
Could be merely the name of the coverage like "Gold" or "Platinum"or "Premium"
Peer comment(s):
| agree |
Samantha Payn
: Without further information this would seem the most likely explanation.
3 hrs
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Discussion