protection & indemnity insurance

protection & indemnity insurance
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Универсальный англо-русский словарь. . 2011.

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  • Protection and indemnity insurance — Protection and indemnity insurance, commonly known as P I, is a form of marine insurance provided by a P I Club. A P I Club is a mutual (i.e. co operative) insurance association that provides cover for its members, who will typically be ship… …   Wikipedia

  • mortgage indemnity insurance — UK US noun [U] UK INSURANCE ► a type of insurance that protects a financial organization against loss if someone is unable to pay back their mortgage: »Loans above 75 per cent involve mortgage indemnity insurance. → Compare MORTGAGE PROTECTION… …   Financial and business terms

  • professional indemnity insurance — Insurance that gives protection against legal liability for damage or compensation arising out of any neglect, error or omission committed or alleged to have been committed by or on behalf of the insured in connection with the business. Practical …   Law dictionary

  • indemnity insurance — risk protection for actions for which a business is liable. Insurance that a business carries to cover the possibility of loss from lawsuits in the event the business or its agents were found at fault when an action occurred. Glossary of Business …   Financial and business terms

  • protection and indemnity insurance — noun : insurance for ship owners against loss due to legal liability arising from damage to cargo, injury to passengers and crew, and other legal liabilities not assumed under the regular forms of hull insurance …   Useful english dictionary

  • professional indemnity insurance — noun insurance providing protection for professional people (as lawyers, doctors, accountants, insurance brokers, stockbrokers, etc.) to cover legal liability resulting from their negligence or breach of duty or care …  

  • automobile indemnity insurance — A policy of insurance for the protection of an owner or operator of a motor vehicle having the same purpose in general as an automobile liability policy but distinct from the latter in the respect that the liability of the insurer under the… …   Ballentine's law dictionary

  • indemnity — in‧dem‧ni‧ty [ɪnˈdemnti] noun indemnities PLURALFORM 1. [uncountable] INSURANCE protection against loss or damage, especially in the form of an official written promise to pay for any losses or damage: • Every full time employee at our firm… …   Financial and business terms

  • indemnity — in·dem·ni·ty /in dem nə tē/ n pl ties 1 a: security against hurt, loss, or damage b: exemption from incurred penalties or liabilities 2 a: indemnification (1) b: something (as a payme …   Law dictionary

  • insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …   Law dictionary

  • indemnity — [in dem′ni tē] n. pl. indemnities [Fr indemnité < LL indemnitas < L indemnis: see INDEMNIFY] 1. protection or insurance against loss, damage, etc. 2. legal exemption from penalties or liabilities incurred by one s actions 3. repayment or… …   English World dictionary


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