avvecklingsskydd

English translation: (insurance) run-off cover

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:avvecklingsskydd
English translation:(insurance) run-off cover
Entered by: Adrian MM. (X)

10:57 Jun 5, 2006
Swedish to English translations [PRO]
Bus/Financial - Insurance / Terms of third party insurance
Swedish term or phrase: avvecklingsskydd
Context:
Försäkringstid för avvecklingsskyddet är 10 år räknat från den tidpunkt revisionsverksamheten upphörde.
Don Spade (X)
(insurance) run-off cover
Explanation:
The auditing or accounting period has expired - or the translator holding prof. indemnity cover has gone into retirement - but claims for negligence may keep popping up post-cessation and post-retirement.

'Run-off' indemnity ins. can be arranged for the auditor, accountant or prof. translator at tapering-scale premiums to guard against nasty surprises during the 'wind-down' or run-off period.



Selected response from:

Adrian MM. (X)
Local time: 15:28
Grading comment
This fits my context very well. Thanks.
4 KudoZ points were awarded for this answer



Summary of answers provided
4abolition protection
ojinaga
4(insurance) run-off cover
Adrian MM. (X)


  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
abolition protection


Explanation:
My suggestion

ojinaga
Local time: 08:28
Specializes in field
Native speaker of: Native in NorwegianNorwegian
Login to enter a peer comment (or grade)

4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
(insurance) run-off cover


Explanation:
The auditing or accounting period has expired - or the translator holding prof. indemnity cover has gone into retirement - but claims for negligence may keep popping up post-cessation and post-retirement.

'Run-off' indemnity ins. can be arranged for the auditor, accountant or prof. translator at tapering-scale premiums to guard against nasty surprises during the 'wind-down' or run-off period.





Example sentence(s):
  • What is run-off cover? *Cover that remains in place after the healthcare provider / institution is no longer undertaking any medical activities. ...

    Reference: http://www.howdenins.co.uk/en/1/faq20.html
Adrian MM. (X)
Local time: 15:28
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 96
Grading comment
This fits my context very well. Thanks.
Login to enter a peer comment (or grade)



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