Nov 14, 2019 07:52
4 yrs ago
2 viewers *
English term
2 times maximized
English to French
Bus/Financial
Insurance
couverture d'assurance
It's a building agreement written by US agency :
The contractor has a business liability insurance (including environmentaland product liability insurance) and will provide proof to xxx at the latest 10 days after the conclusion of the contract by submitting the relevant documents.
lnsured amount fat least €3.0 million/claim and af /easf 2 times maximized]:
personal injury .... 3 millions EUR .....
property damage ... 3 millions EUR
financial losses ....3 millionss EUR
The coverage amounts apply per claim and at least 2 times maximized. Damage that is not covered
will be at the expense of the subcontractor
The contractor has a business liability insurance (including environmentaland product liability insurance) and will provide proof to xxx at the latest 10 days after the conclusion of the contract by submitting the relevant documents.
lnsured amount fat least €3.0 million/claim and af /easf 2 times maximized]:
personal injury .... 3 millions EUR .....
property damage ... 3 millions EUR
financial losses ....3 millionss EUR
The coverage amounts apply per claim and at least 2 times maximized. Damage that is not covered
will be at the expense of the subcontractor
Discussion
a) The insured sums should be at least twice the value of what is insured (I think that is unlikely);
b) The insurance company would be prepared to pay out the maximum amount on at least two claims before saying that they had paid out the maximum amount X number of times and would place a ceiling on any further claim (this does seem more likely).
You need a clarification from the client - too much money involved i.e. the last thing you want is someone quoting your translation as justification for underinsuring some risk.
Montant couvert (au moins 3 millions par sinistre et pouvant être maximisé au moins deux fois)
...
Les montants couverts s’appliquent par sinistre et peuvent être maximisés au moins 2 fois
Source (written by a US joint venture doing construction projects for US Army) =
Please read :
Insured amount (at least 3 million/claim and at least 2 times maximized)