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Discussion Groups / English Usage / January 2007processing losses
Hi! I'd be much obliged if you could tell me what, you think, "processing losses" mean here: "The sum insured is at least XXX euros fixed for property and financial losses including processing losses". This fragment comes from a certificate issued to a consulting engineers company to confirm they have professioinal liability insurance. Thank you! Kamil > Hi! I'd be much obliged if you could tell me what, you think, "processing > losses" mean here: [quoted text clipped - 4 lines] > This fragment comes from a certificate issued to a consulting engineers > company to confirm they have professioinal liability insurance. The phrase is presumably defined by jurisprudence (EU law?) concerning insurance claims. Everyday English cannot be expected to produce unaided an exact meaning for jargon of this type: this incapacity is why specialists generate jargon.  SignatureDon Phillipson Carlsbad Springs (Ottawa, Canada) >Hi! I'd be much obliged if you could tell me what, you think, "processing >losses" mean here: [quoted text clipped - 4 lines] >This fragment comes from a certificate issued to a consulting engineers >company to confirm they have professioinal liability insurance. I would take it to mean the expenses incurred in the time and labor involved in replacing the damaged items. In other words, the amount includes reimbursement for more than just the direct cost of the property replaced. SignatureTony Cooper Orlando, FL > >This fragment comes from a certificate issued to a consulting engineers > >company to confirm they have professioinal liability insurance. [quoted text clipped - 3 lines] > includes reimbursement for more than just the direct cost of the > property replaced. No definition lacking a reference to a statute or court decision seems safe -- because you can always (at a price) find a lawyer willing to argue otherwise. SignatureDon Phillipson Carlsbad Springs (Ottawa, Canada) |
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