excess liability

简明释义

额外责任

英英释义

例句

1.The excess liability 超额责任险 policy kicked in after the primary insurance limits were exhausted.

当主要保险限额耗尽后，excess liability 超额责任险政策生效。

2.Many contractors are required to carry excess liability 超额责任险 to meet client requirements.

许多承包商被要求携带excess liability 超额责任险以满足客户要求。

3.Without excess liability 超额责任险, you might be personally liable for damages above your standard policy limits.

如果没有excess liability 超额责任险，您可能要对超过标准保单限额的损害承担个人责任。

4.In the event of a lawsuit, having excess liability 超额责任险 can save a business from financial ruin.

在诉讼发生时，拥有excess liability 超额责任险可以拯救企业免于财务破产。

5.The company purchased an insurance policy that includes excess liability 超额责任险 coverage to protect against large claims.

公司购买了一份保险，其中包括excess liability 超额责任险保障，以防止大型索赔。

作文

In today's complex world, understanding various financial terms is crucial for both individuals and businesses. One such term that often comes up in discussions about insurance and risk management is excess liability. This term refers to a type of insurance policy that provides coverage beyond the limits of an underlying policy. Essentially, it acts as a safety net, protecting the insured from significant financial losses that may arise from claims exceeding the limits of their primary insurance policies.To grasp the concept of excess liability, it's important to first understand the basic structure of insurance policies. Most businesses carry general liability insurance, which covers various risks including bodily injury, property damage, and personal injury. However, these policies have limits on how much they will pay for a single claim or for all claims within a certain period. When claims exceed these limits, the business can face substantial out-of-pocket expenses, which can be devastating.This is where excess liability comes into play. By purchasing an excess liability policy, a business can secure additional coverage that kicks in once the limits of the primary policy are reached. For example, if a company has a general liability policy with a limit of $1 million, and a claim arises for $2 million, the primary policy would cover the first $1 million, but the remaining $1 million would need to be covered by the excess liability policy. This additional coverage can provide peace of mind, knowing that there is a financial buffer in place for unexpected and potentially catastrophic events.Moreover, excess liability policies can be particularly beneficial for businesses operating in high-risk industries, such as construction, manufacturing, or healthcare. These sectors often face larger claims due to the nature of their operations, making it essential to have robust insurance coverage. Without excess liability coverage, a single major claim could jeopardize a company's financial stability and even lead to bankruptcy.Another important aspect to consider is the cost of excess liability insurance. While it may seem like an additional expense, the cost of not having it can far outweigh the premiums paid for the policy. Businesses must evaluate their risk exposure and determine whether the protection offered by excess liability insurance is worth the investment. In many cases, the peace of mind that comes with knowing you are protected against unforeseen large claims is invaluable.In conclusion, excess liability is a vital component of a comprehensive risk management strategy for many businesses. It provides an extra layer of protection against significant financial losses that could otherwise threaten the viability of a company. Understanding and utilizing excess liability coverage can help businesses navigate the complexities of insurance and ensure they are prepared for whatever challenges may arise. As the business landscape continues to evolve, having a solid grasp of terms like excess liability will be essential for making informed decisions that safeguard assets and promote long-term success.

在当今复杂的世界中，理解各种金融术语对个人和企业来说至关重要。一个经常出现在保险和风险管理讨论中的术语是超额责任。这个术语指的是一种保险政策，它提供超出基础政策限额的保障。基本上，它充当了一种安全网，保护投保人免受可能因索赔超过其主要保险政策限额而导致的重大财务损失。要理解超额责任的概念，首先需要了解保险政策的基本结构。大多数企业都投保一般责任保险，该保险涵盖各种风险，包括人身伤害、财产损失和个人伤害。然而，这些政策对单个索赔或在特定期间内的所有索赔都有支付限额。当索赔超过这些限额时，企业可能面临巨大的自付费用，这可能是毁灭性的。这就是超额责任发挥作用的地方。通过购买超额责任保单，企业可以获得额外的保障，一旦主要政策的限额达到，就会启动。例如，如果一家公司有一份限额为100万美元的一般责任保险，而产生的索赔为200万美元，那么主要政策将支付前100万美元，但剩余的100万美元则需要由超额责任保单来承担。这种额外的保障可以提供安心，知道在意外和潜在灾难事件中有财务缓冲。此外，超额责任政策对于在高风险行业（如建筑、制造或医疗保健）运营的企业尤其有利。这些行业由于其运营性质，通常面临更大的索赔，因此拥有强大的保险覆盖至关重要。如果没有超额责任保障，单个重大索赔可能会危及公司的财务稳定，甚至导致破产。另一个重要方面是超额责任保险的成本。虽然这似乎是额外的开支，但没有它的成本可能远远超过为保单支付的保费。企业必须评估其风险暴露，并确定超额责任保险所提供的保护是否值得投资。在许多情况下，知道自己受到保护以应对不可预见的大额索赔所带来的安心是无价的。总之，超额责任是许多企业全面风险管理策略的重要组成部分。它为可能威胁公司生存的重大财务损失提供了额外的保护。理解和利用超额责任保障可以帮助企业应对保险的复杂性，并确保他们为未来可能出现的挑战做好准备。随着商业环境的不断发展，掌握像超额责任这样的术语对于做出明智的决策以保护资产并促进长期成功至关重要。