Bumbershoot Policy - A liability insurance policy, similar to an umbrella liability policy, for marine risks. Think boatyards and ship yards. The policy is excess over primary policies, providing additional limits of protection. Coverage may include protection and indemnity (P&I), Longshoremen and Harbor Workers Act protection.
I have always thought this was as close to humorous as insurance gets - bumbershoot is "British" for umbrella.
I have always thought this was as close to humorous as insurance gets - bumbershoot is "British" for umbrella.
No comments:
Post a Comment