Dismissal
Term · Insurance and risk management · MLC-T-INS-003631
The termination of an employment contract by the employer, which can be with or without cause. Wrongful dismissal occurs when an employer terminates an employee in breach of contract terms or employment law, potentially leading to legal claims for damages or reinstatement. Insurance policies such as Employment Practices Liability (EPL) coverage can protect employers against financial losses arising from such claims.
| Identifier | MLC-T-INS-003631 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003631",
"term": "Dismissal",
"field": "Insurance and risk management",
"definition": "The termination of an employment contract by the employer, which can be with or without cause. Wrongful dismissal occurs when an employer terminates an employee in breach of contract terms or employment law, potentially leading to legal claims for damages or reinstatement. Insurance policies such as Employment Practices Liability (EPL) coverage can protect employers against financial losses arising from such claims.",
"url": "https://mlchart.com/terminology/insurance/dismissal/"
}
Record 1,013 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.