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Glossary
Business risk

Accumulation

Concentration of several insured risks in the same place or time.

In practice

It is the variable that requires setting limits per stay in transport and distributing capacity among insurers in damages. A warehouse that concentrates the stock of three branches changes the entire programme.

Where it is addressed

This term is covered in Comercio internacional and applies when taking out Transportes.

Related terms

StayEach location where the insured goods remain during the journey, with its own limit different from the limit per means of transport.CoinsuranceSharing of the same risk among several insurers, each with its own percentage and independent responsibility.StockGoods, raw materials, and finished products stored by the company.First demand guaranteeGuarantee that obliges the insurer to pay upon the simple request of the beneficiary, without discussing the underlying relationship.Machinery breakdownCover that protects against sudden internal damage to equipment due to mechanical, electrical, or operational causes, without an external claim.General averageProportional distribution between ship and shippers of the sacrifice or extraordinary expense made to save the maritime expedition.
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