Catastrophe Cover > Marsh USA

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Catastrophe Cover

Published: 02-Apr- 2007 | Product Category: Global Credit | Comments: 0

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Catastrophe cover protects against losses substantially over and above the normal level of bad debt that a particular company would expect to sustain. This is done by setting an aggregate first loss for the whole period of the policy. Any loss in excess of this deductible would be indemnified — as much as 100% — up to an agreed maximum liability. Premiums can be set as a flat fee per annum.

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