MLchartDataset catalogue

Boom coverage

Term · Insurance and risk management · MLC-T-INS-000593

An extension of an insurance policy that provides protection for the boom attachment of equipment, such as cranes or excavators. This coverage addresses physical damage to the boom itself, which is a common point of failure or damage for such machinery. It is typically added to an inland marine or commercial property policy covering heavy equipment.

Table 1. Record
IdentifierMLC-T-INS-000593
FieldInsurance and risk management
SubjectCommercial Property
Record as JSON 
{
  "id": "MLC-T-INS-000593",
  "term": "Boom coverage",
  "field": "Insurance and risk management",
  "definition": "An extension of an insurance policy that provides protection for the boom attachment of equipment, such as cranes or excavators. This coverage addresses physical damage to the boom itself, which is a common point of failure or damage for such machinery. It is typically added to an inland marine or commercial property policy covering heavy equipment.",
  "subject": "Commercial Property",
  "url": "https://mlchart.com/terminology/insurance/boom-coverage/"
}

Record 354 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.