pluvial insurance

pluvial insurance
= pluvius insurance
An insurance policy covering loss of income or profits caused by rain or other weather conditions. The main demand comes from the organizers of outdoor summer events, who could suffer financially if rain caused the event to be curtailed or abandoned. For events in which any profits would be uncertain, e. g. a summer fete, the policy specifies that claims are to be based on the number of millimetres of rain that fall in an agreed period at an agreed weather station near to the site of the event. If the amount of lost revenue can be easily calculated from ticket sales at an event, such as a cricket test match or tennis match, a policy paying for lost profit can be arranged.

Big dictionary of business and management. 2014.

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Look at other dictionaries:

  • insurance — A legal contract in which an insurer promises to pay a specified amount to another party, the insured, if a particular event (known as the peril), happens and the insured suffers a financial loss as a result. The insured s part of the contract is …   Big dictionary of business and management

  • contingency insurance — An insurance policy covering financial losses occurring as a result of a specified event happening. The risks covered by policies of this kind are various and often unusual, such as a missing documents indemnity, the birth of twins, or pluvial… …   Big dictionary of business and management

  • weather insurance — See pluvial insurance …   Big dictionary of business and management

  • pluvius insurance — noun Insurance cover taken out eg by the organizer of a fête against loss of takings due to rain • • • Main Entry: ↑pluvial …   Useful english dictionary

  • Страхование — (assurance) Страхование (insurancе) от событий, которые рано или поздно обязательно произойдут (например, смерть). См.: страхование жизни (life assurance). (insurance) Юридический контракт, в соответствии с которым страховщик обязуется выплатить… …   Словарь бизнес-терминов

  • СТРАХОВАНИЕ ОТ ПОТЕРЬ ВСЛЕДСТВИЕ ПЛОХИХ ПОГОДНЫХ УСЛОВИЙ — (pluvial insurance, pluvious insurance, weather insurance) Страхование, покрывающее риск потери доходов или прибылей вследствие дождя или иных погодных условий. Спрос на подобное страхование предъявляют преимущественно организаторы летних… …   Словарь бизнес-терминов

  • СТРАХОВАНИЕ ОТ НЕПРЕДВИДЕННЫХ ОБСТОЯТЕЛЬСТВ — (contingency insurance) Страховой полис, покрывающий финансовые убытки, возникшие в результате наступления определенного события. Риски, покрываемые этим видом страхования, разнообразны и часто весьма необычны: например, риск пропажи документов,… …   Словарь бизнес-терминов

  • Seattle — City of Seattle Sello de Seattle Sello …   Wikipedia Español

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