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They cover the unexpected as well as the obvious.
"We've always set out to have enough depth in the group to cover the unexpected," Hansen explained.
But the aim of the charge for operational risk is to cover the unexpected, such as a bomb blast or big losses by a rogue trader.
But they insist, there is enough flexibility in the $71.8‐ billion defense budget to allow a shifting of funds to cover the unexpected.
Insurance policies are designed to cover the unexpected – and while most of the time they do pay out, the minority of cases where they dig in lead to a perpetual mistrust between the public and the industry.
Most will have to set aside more to cover the unexpected losses.
Similar(53)
But I've never covered the unexpected death of a middle-aged construction worker in a public hospital.
Many business owners don't have a succession plan that covers the unexpected – and sadly, sometimes the business dies with them.
Real-time PCR using our designed cycling probe is a practical, highly sensitive method for identification of GBS in pregnant carriers, allowing use of prophylactic intrapartum antibiotics in time to cover the possibility of unexpected premature birth.
The homeowner might recommend that the guest purchase travel insurance to cover the cost of an unexpected cancellation.
Homeowner recommends that Guest purchase travel insurance to cover the cost of an unexpected cancellation".. State any credit card policy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com