liability risk
71employers' liability acts — Statutes (e.g., Federal Employer s Liability Act; Workers Compensation Acts) defining or limiting the occasions and the extent to which public and private employers shall be liable in damages (compensation) for injuries to their employees… …
72employers' liability acts — Statutes in reference to an employer s liability for negligence resulting in injury to an employee, the most of which abrogate the fellow servant doctrine and limit the defenses of contributory negligence and the doctrine of assumption of risk… …
73no liability clause — A clause in a liability policy, providing that there shall be no liability in case the risk is covered by other valid or collectible insurance. 7 Am J2d Auto Ins § 201 …
74Translation Risk — The exchange rate risk associated with companies that deal in foreign currencies or list foreign assets on their balance sheets. The greater the proportion of asset, liability and equity classes denominated in a foreign currency, the greater the… …
75asset and liability management committee — ALCO A senior management committee of a bank or financial institution that has overall responsibility for setting and overseeing risk control policies in relation to the balance sheet (see asset liability management; gap analysis). In some cases… …
76builder's risk insurance — A policy of fire or other property insurance covering the interest of a contractor, as such, in a building under construction by him; a liability policy insuring a contractor against liability for damages or injuries occurring in connection with… …
77Alternative Risk Financing Facilities — A type of private insurer that offers various types of coverage to both individuals and institutions. These insurers were originally created by groups of people or organizations that had a common need for a type of coverage that was not available …
78Exchange risk — The risk of market fluctuation of an asset or liability denominated in a foreign currency, such as the ownership of a currency (spot or forward) or trade account payable in foreign currency …
79Admiralty Liability — A risk, event or conduct that would run afoul of admiralty (maritime) laws, thereby putting the matter under the jurisdiction of an admiralty court. Most notably, matters subject to admiralty law do not require trial by jury. Admiralty law is… …
80assigned risk plan — An arrangement, in a state where automobile liability insurance is compulsory, whereby risks, which otherwise insurers would decline, are imposed by law upon particular insurers, so that all drivers and vehicles residing or located in the state… …
