These risks can be covered as an extension to a boiler and pressure plant policy but the insurance is limited to self-damage. The risks apply to plant of cast-iron construction and items with welded or brazed seams. Plant such as heating boilers, ironing machines and air-heating batteries would require the extension. The cause can be internal pressure, low water, water hammer, frost, etc. A valid claim only arises when the crack or weld failure gives rise to leakage of the contents.
Insurance Encyclopedia
Craft risks
The risks to cargo during transhipment or landing in small vessels.
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Risks arising when cargo is being landed or transshipped in a small vessel.
Cranes and lifting machinery policy
Policy covering blocks, conveyors and cranes of all kinds. In addition to the periodical inspection service (compulsory for most items in this category), the policy covers breakdown but may be extended to cover sudden and unforeseen physical damage at the premises or while temporarily at other premises, including the transit risk, and damage to goods lifted (excluding installed plant and machinery) and own surrounding property. Damage by extraneous causes is generally included. Other options are available.
Crash Coverage
A type of coverage which is optional under an Aviation policy. It provides coverage for damage to an airplane caused by a crash, and is usually referred to as Hull Coverage or Physical Damage coverage.
Crash coverage (Aviation Insurance)
Insurance that covers damage to an airplane due to a crash. This type of coverage is optional in an aviation policy.
Crazing
Cracks in glass resulting from a build-up of heat on one side of the glass while the other side is at ambient temperature. The glass stress fractures and cracks creating the irregular shaped patterns that are part of a fire cause investigation.
CRC
Abbreviation for community rating by class. See adjusted community rating (ACR).
Credential
University degree, postgraduate training and education, licensure and/or board certification that indicates a person or institution has obtained professional status in a specific field of health care.
credential verification organization (CVO)
Association that validates a health care professional’s background, licensing, and schooling, and follows continuing education and other measures of professional performance.
Credentialing
1. Generic term that refers to either licensing or certification. 2. Act of reviewing and evaluating qualifications such as education, training, experience, medical degrees, licensure, other credentials, malpractice, and any disciplinary record of a medical provider for quality assurance for the purpose of granting hospital staff membership to give patient care services. Periodically, a check of the status of staff qualifications is done and is referred to as recredentialing . 3. Process by which a managed care plan endorses that a physician is competent to render medical services to members of the plan. Also see economic credentialing.