Controlling Workers Compensation Costs for Employers

Wednesday, February 21st 2018

Last updateSun, 16 Oct 2016 2am

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Term Definition

Allocated Loss Adjustment Expenses; expenses that can be assigned to a specific claim, such as legal fees.


Arising out of Employment / In Course of Employment


AY means ‘accident year’. It is the same thing as PY or ‘policy year’. This is important to differentiate from calendar year.

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