What is Third Line Forcing? When a company or franchisor forces one of their contractors or franchisee to use a financial product or service this is known as Third Line Forcing and is illegal. A company or a franchisor may require that you have adequate insurance protection to a certain standard, however, they can not enforce who that cover is…
We are sure you have heard plenty of terms that you do not understand, even if you have been in your industry for some time now. By knowing the definition of certain phrases such as Third Line Forcing can help you in different aspects. It’s not bragging rights; it is a way for you to understand those specific terms.
It is always best to focus more on definitions relating to your industry. Tradies, for example, have their own terminology, which other works, such as restaurant servers or waiters, may not understand.
Some terms are not trade or industry-specific. If you are in the process of buying insurance for your business or yourself as an employee, learning and comprehending insurance terms are a must. Do you know what Certificate of Currency (Insurance) means? You only need to click on this link to our certificate of currency article, which will take you to a blog entry defining the mentioned term. Whether you are insurance-hunting or simply improving your vocabulary, we are here for you.
The All Trades Cover blog contains all sorts of definitions that you will surely find useful for your business or occupation.