in excess of any local policy layer
Polish translation: powyżej sumy ubezpieczenia lokalnej polisy ubezpieczeniowej
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| 09:36 May 29, 2019 |
| English to Polish translations [PRO] Bus/Financial - Insurance | ||||
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|  Selected response from: mike23 Poland Local time: 16:45 | |||
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| 2 +1 | powyżej sumy ubezpieczenia lokalnej polisy ubezpieczeniowej |
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| Excess Layer Insurance Policy |
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Answers
2 hrs confidence: 
peer agreement (net): +1
peer agreement (net): +1powyżej sumy ubezpieczenia lokalnej polisy ubezpieczeniowej Explanation: powyżej sumy ubezpieczenia/limitu odpowiedzialności/sumy gwarancyjnej lokalnej polisy ubezpieczeniowej, jeśli taka/i występuje ... określonej w lokalnej polisie --- Suma ubezpieczenia jest górną granicą, do której odpowiada zakład ubezpieczeń. Inaczej mówiąc jest maksymalną wysokością odszkodowania, które może być wypłacone z konkretnego ubezpieczenia. Suma ubezpieczenia w zależności od konkretnych warunków zwana bywa inaczej limitem odpowiedzialności lub sumą gwarancyjną. https://rf.gov.pl/czesto-zadawane-pytania/ubezpieczenia-maja... -------------------------------------------------- Note added at 3 hrs (2019-05-29 12:38:51 GMT) -------------------------------------------------- a multinational has several options for insuring risks around the globe. • It may utilize separate, unrelated local insurance policies in each country where it has exposure. These policies are underwritten by carriers licensed in the particular countries to insure the multinational’s local offices, operations, subsidiaries, affiliates, assets and/or people. Locally issued policies are tailored to local industry practices and regulatory requirements, provide access to local reinsurance pools, fulfill local contractual obligations, and afford a vehicle for local claim servicing and local payment of claims, premiums and premium taxes. https://www.aig.com/content/dam/aig/america-canada/us/docume... -------------------------------------------------- Note added at 3 hrs (2019-05-29 12:41:55 GMT) -------------------------------------------------- ... lokalnie wydanej/nabytej polisy -------------------------------------------------- Note added at 3 hrs (2019-05-29 12:54:21 GMT) -------------------------------------------------- "In excess of" means more than a particular amount |
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Reference comments
1 hr peer agreement (net): +1 |
| Reference: Excess Layer Insurance Policy Reference information: What is an Excess Layer Insurance Policy? Nowadays, it is becoming increasingly common for Contractors to be asked to have increased limits on their Contractors Liability Insurance however, most insurers are not keen to give limits in excess of £5m for Public Liability or £10m in respect of Employers Liability, so an Excess Layer Insurance policy has become a cost-effective way of purchasing higher limits of indemnity. Excess Layer Insurance, also known as Excess of Loss, is a policy designed to provide increased limits of liability over your primary insurance cover. For Example: A Groundworks company has £5,000,000 Public Liability under their current insurance, but they have been requested to hold £10,000,000 for a contract they are starting. The Excess Layer Insurance Policy will provide the £5,000,000 over the insured existing £5,000,000 to give a total of £10,000,000 https://clarkewilliamsinsurancebrokers.co.uk/blog/what-is-an... |
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