sue and labor

sue and labor
sue and labor (AE) INS Schadensabwendung f und Schadensminderung f

Englisch-Deutsch Fachwörterbuch der Wirtschaft . 2013.

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  • sue–and–labor clause — n: a clause in marine insurance contracts by which the insured agrees to take steps necessary to safeguard the covered property from loss or to minimize losses that occur and the insurer agrees to pay for the reasonable costs of such steps… …   Law dictionary

  • sue and labor clause — noun Etymology: sue (I) : a clause ordinarily inserted in a marine insurance policy by which the insured contracts to sue, labor, and travel for, in, and about the defense, safeguard, and recovery of the insured property and the insurer agrees to …   Useful english dictionary

  • sue and labor clause — Same as rescue clause …   Ballentine's law dictionary

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