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10:57 Jun 5, 2006 |
Swedish to English translations [PRO] Bus/Financial - Insurance / Terms of third party insurance | |||||
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| Selected response from: Adrian MM. (X) Local time: 15:28 | ||||
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Summary of answers provided | ||||
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4 | abolition protection |
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4 | (insurance) run-off cover |
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abolition protection Explanation: My suggestion |
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(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):
Reference: http://www.howdenins.co.uk/en/1/faq20.html |
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