What is the definition of Coverage Form P?

Coverage Form P refers specifically to Per Employee Coverage, which is a liability insurance policy structure that provides coverage based on the number of employees rather than per incident or in terms of a business entity as a whole. This form is particularly pertinent in commercial insurance where coverage is calculated based on the workforce's size, ensuring that each employee is considered for coverage purposes, which can be crucial in assessing risk and premium calculations.

This distinction is important for insurance professionals, as understanding the different forms of coverage helps in deciding the right policy for a business based on its unique needs. By focusing on employees specifically, businesses can better manage their exposure and ensure adequate protection for all staff members against potential risks.