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Hours Actually Worked
Categories: Economics,
Hours actually worked includes time spent at the workplace on productive activities and on other activities which are part of the tasks and duties of the jobs concerned (for example, cleaning and preparing working tools). It also includes time spent at the place of work when the person is inactive for reasons linked to the production process or work organization (for example, standby time), as during these periods paid workers remain at the disposal of their employer. Hours actually worked also includes short rest periods spent at the place of work because they are difficult to distinguish separately, even if workers are not at the disposal of their employer during those periods. Explicitly excluded are lunch breaks, as they normally are sufficiently long to be easily distinguished from work periods.
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Definition / Meaning of
Homeowner's Insurance
Categories: Finance,
homeowners insurance is a contract between an insurance company and a homeowner to cover certain types of damage to the property and its contents, theft of personal possessions, and liability in case of lawsuits based on incidents or events that occur on the property. To obtain the insurance, which is based on the value of the home and what is covered in the policy, you pay a premium set by the insurance company. For each claim there's generally a deductible - a dollar amount - that you must pay before the insurer is responsible for its share. If you have a mortgage loan, your lender will require you to have enough homeowner's insurance to cover the amount you owe on the loan. Homeowner insurance policies vary substantially from contract to contract and from insurer to insurer as well as from region to region. Almost all policies have exclusions, which are causes of loss that are not covered. All of the coverage and exclusions of a particular policy are spelled out in the terms and conditions.
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