A specific type of non-life insurance policy guaranteeing the loss of income resulting from the occurrence of specific risks. As an example, a company can cover its income against the consequences of bad weather on its activity.
Found on http://www.encyclo.co.uk/local/20197
A specific type of non-life insurance policy guaranteeing the loss of income resulting from the occurrence of specific risks. As an example, a company can cover its income against the consequences of bad weather on its activity.