Designated employees

Term · Insurance and risk management · MLC-T-INS-001145

Individuals specifically named in an insurance policy, such as a fidelity bond or key person life insurance, whose actions or loss directly trigger coverage. These employees are identified by name or job title because of their unique responsibilities, access to sensitive assets, or value to the organization. Unlike blanket coverage that protects against losses from any employee, this coverage applies only to the listed individuals.

Table 1. Record
Identifier	MLC-T-INS-001145
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001145",
  "term": "Designated employees",
  "field": "Insurance and risk management",
  "definition": "Individuals specifically named in an insurance policy, such as a fidelity bond or key person life insurance, whose actions or loss directly trigger coverage. These employees are identified by name or job title because of their unique responsibilities, access to sensitive assets, or value to the organization. Unlike blanket coverage that protects against losses from any employee, this coverage applies only to the listed individuals.",
  "url": "https://mlchart.com/terminology/insurance/designated-employees/"
}

Record 960 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.