Strike coverage
Term · Insurance and risk management · MLC-T-INS-003207
Insurance protection for businesses against financial losses incurred due to labor disputes, such as strikes or lockouts. This coverage compensates for lost profits, continuing expenses, and sometimes additional costs incurred to mitigate the impact of the work stoppage. It is a specialized form of business interruption insurance, often purchased by companies with unionized workforces.
| Identifier | MLC-T-INS-003207 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003207",
"term": "Strike coverage",
"field": "Insurance and risk management",
"definition": "Insurance protection for businesses against financial losses incurred due to labor disputes, such as strikes or lockouts. This coverage compensates for lost profits, continuing expenses, and sometimes additional costs incurred to mitigate the impact of the work stoppage. It is a specialized form of business interruption insurance, often purchased by companies with unionized workforces.",
"url": "https://mlchart.com/terminology/insurance/strike-coverage/"
}
Record 3,319 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.