Sue and labor clause

Term · Insurance and risk management · MLC-T-INS-003235

A provision in marine insurance policies that obligates the insured to take reasonable steps to prevent or minimize further loss or damage to insured property after an insured peril has occurred. The insurer agrees to reimburse the insured for the expenses incurred in taking these protective measures, even if the efforts are unsuccessful. This clause encourages proactive risk mitigation by the insured.

Table 1. Record
Identifier	MLC-T-INS-003235
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003235",
  "term": "Sue and labor clause",
  "field": "Insurance and risk management",
  "definition": "A provision in marine insurance policies that obligates the insured to take reasonable steps to prevent or minimize further loss or damage to insured property after an insured peril has occurred. The insurer agrees to reimburse the insured for the expenses incurred in taking these protective measures, even if the efforts are unsuccessful. This clause encourages proactive risk mitigation by the insured.",
  "url": "https://mlchart.com/terminology/insurance/sue-and-labor-clause/"
}

Record 3,359 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.