What does 2 vessel runoff mean?

method of runoff assessment. Good runoff was defined as patency of two or three lower. leg arteries to the foot or one patent, vessel continuous with intact anterior or posterior foot arch. In limbs with no patent vessel or one patent vessel with deficient or occluded foot arches, the runoff was classified as poor.

What is a runoff company?

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 period after the policy is active acting as a claims-made policy rather than an occurrence policy.

What is the process of runoff?

Runoff occurs when there is more water than land can absorb. The excess liquid flows across the surface of the land and into nearby creeks, streams, or ponds. Runoff can come from both natural processes and human activity. The most familiar type of natural runoff is snowmelt.

What is a claims-made policy?

A claims-made policy is an insurance policy that covers an insured for claims on active policies, regardless of when the claim event occurred. Occurrence policies cover the insured for claim events occurring during the life of the policy or a specific period, even if a claim is filed on an inactive policy.

What does ERP stand for in insurance?

Coverage is provided for claims made and reported after the expiration of a claims–made policy, if such claims arose from acts or omissions occurring during an insured period of time, before the ERC was issued or effective. ERP: Extended reporting period.

What is the difference between claims-made and occurrence?

An occurrence policy has lifetime coverage for the incidents that occur during a policy period, regardless of when the claim is reported. A claims-made policy only covers incidents that happen and are reported within the policy’s time frame, unless a ‘tail’ is purchased.

Which is better claims made or occurrence?

Occurrence Example An occurrence policy is typically more expensive than claims-made policy because there isn’t a limit on the time a claim must be reported. There’s no advantage to having a claims-made coverage over occurrence coverage, and vice versa. It depends on how you’d like your coverages to be activated.

Why is surface runoff important?

A portion of the precipitation seeps into the ground to replenish Earth’s groundwater. Most of it flows downhill as runoff. Runoff is extremely important in that not only does it keep rivers and lakes full of water, but it also changes the landscape by the action of erosion.

What is a discovery period for insurance?

Discovery Period — the period of time after expiration allowed an insured to identify and report losses occurring during the period of a policy or a bond.

What does the word runoff mean?

(Entry 1 of 2) 1 : a final race, contest, or election to decide an earlier one that has not resulted in a decision in favor of any one competitor. 2 : the portion of precipitation on land that ultimately reaches streams often with dissolved or suspended material.

What is D&O run off cover?

Simply put, run off cover buys a period of time after a specific, often transactional, event, where control and/or ownership passes from one party to another. No pattern of facts is the same for each run off trigger, so the motivations behind the potential desire to purchase may vary on a case by case basis.

What is runoff in medical?

(rŭn’awf), Delayed part of the angiographic examination of a vascular bed, to show small artery patency.

What is an example of runoff?

When a first election ties and then a second election is held between the two parties who tied in the original race, this is an example of a runoff. Runoff is defined as excess water draining away from land or buildings. The overflow of water that drains off of your driveway is an example of runoff.

Is runoff hyphenated?

Are you trying to hyphenate runoff? Unfortunately it cannot be hyphenated because it only contains one syllable.

What is ERP coverage?

An extended reporting period ( ERP ) is a feature you can add to your claims-made professional liability insurance policy. It allows you to report claims even after your policy expires. This policy endorsement is also known as tail coverage.

Is D&O claims made?

However, D&O insurance policies are not “occurrence” policies, they are “claims made” policies. That is, D&O insurance policies provide coverage for claims made during the policy period, regardless of when the underlying conduct may have occurred.

What are runoff sentences?

A run-on sentence occurs when two or more independent clauses (also known as complete sentences) are connected improperly. One common type of run-on sentence is a comma splice. A comma splice occurs when two independent clauses are joined with just a comma.

How do you use runoff in a sentence?

runoff in a sentence

  1. In the spring, nearby Granite Falls roars with mountain runoff.
  2. Much of the runoff comes from farm fields in the spring.
  3. Make sure that the gutters channel the runoff to the downspouts.
  4. The two top finishers will meet in a runoff May 7.
  5. Now, no one is a cinch to reach the runoff.

Are D&O policies claims made?

Directors and officers must understand that D&O policies are “claims made,” meaning that coverage exists only for claims made during the time period the policy is in effect. Claims made while no policy or extended reporting period are in effect are not covered.

How do you spell runoff?

A runoff is also an overflow of water. The physical type of runoff (also run-off) involves water or other liquids running off of something by overflowing and possibly flooding an area. If it rains and rains, the runoff from the soil could flow into a nearby pond.

What is the difference between runoff and extended reporting period?

Although runoff provisions function in a manner that is identical to extended reporting period (ERP) provisions, there are several differences. First, ERPs are generally written for only 1-year terms, whereas runoff provisions normally encompass multi-year time spans, often as long as 5 years.

What is runoff and infiltration?

Infiltration occurs when surface water enters the soil. The sponge soaks up the water until it can hold no more. At this point, the soil becomes saturated, but the excess water has to go somewhere. When this happens, we get overflow in the form of runoff, which is when surface water flows over land.

What is runoff pollution?

Polluted Runoff, Nonpoint Source Pollution, U.S. EPA. Nonpoint source pollution is caused by rainfall or snowmelt moving over and through the ground. As the runoff moves, it picks up and carries pollutants into lakes, rivers, wetlands, coastal and ground waters.

What does occurrence mean in insurance?

In insurance, an occurrence is defined as “an accident, including continuous or repeated exposure to substantially the same general harmful conditions.” Insurers typically place a cap on the total coverage offered through such a policy.

What does ERP mean in insurance?

Extended reporting periods

Why do I need run off cover?

Run-off cover is put in effect should an entity cease to trade or a practice cease to operate. Run-off cover provides protection for previous work undertaken in the event a claim may arise after the practice has closed.

Categories: Most popular