Glossary entry (derived from question below)
Swedish term or phrase:
avvecklingsskydd
English translation:
(insurance) run-off cover
Added to glossary by
Adrian MM. (X)
Jun 5, 2006 10:57
17 yrs ago
Swedish term
Don Spade (X)
avvecklingsskydd
Swedish to English
Bus/Financial
Insurance
Terms of third party insurance
Context:
Försäkringstid för avvecklingsskyddet är 10 år räknat från den tidpunkt revisionsverksamheten upphörde.
Försäkringstid för avvecklingsskyddet är 10 år räknat från den tidpunkt revisionsverksamheten upphörde.
Proposed translations
(English)
| 4 | (insurance) run-off cover |
Adrian MM. (X)
|
| 4 | abolition protection |
ojinaga
|
Proposed translations
4 hrs
Selected
(insurance) run-off cover
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.
'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:
What is run-off cover? *Cover that remains in place after the healthcare provider / institution is no longer undertaking any medical activities. ...
Reference:
4 KudoZ points awarded for this answer.
Comment: "This fits my context very well. Thanks."
3 hrs
ojinaga
Specializes in field
abolition protection
My suggestion
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