BUSINESS RISK EXCLUSION
\bˈɪznəs ɹˈɪsk ɛksklˈuːʒən], \bˈɪznəs ɹˈɪsk ɛksklˈuːʒən], \b_ˈɪ_z_n_ə_s ɹ_ˈɪ_s_k ɛ_k_s_k_l_ˈuː_ʒ_ə_n]\
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A type of coverage that is often omitted from product liability insurance. Business risk occurs when a company manufactures or sells a product that does not meet the level of performance that the company promises. For example, if a company advertises a product as having a life span of 10 months but the product only lasts 6 months, the policy does not cover the company.
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.