A Protective Liability coverage written in favour of a railroad on behalf of those who are conducting operations on or adjacent to railroad property.
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Liability coverage designed to protect a railroad from liability claims arising out of the operations of others on or adjacent to railroad property.
Insurance Encyclopedia
Railroad protective liability (Liability Insurance)
Protective liability insurance that is written for those who operate on or next to the railroad’s property. This type of coverage tends to favor the railroad.
Railroad retirement (Health Insurance)
A retirement program that provides benefits to railroad workers.
Railroad Retirement (RR) program
Federal insurance program similar to Social Security designed for workers in the railroad industry. The provisions of the Railroad Retirement Act provide for a system of coordination and financial interchange between the Railroad Retirement program and the Social Security program.
Railroad Retirement Board (RRB)
Organization that oversees and investigates medical insurance issues affecting Medicare Railroad Retirement beneficiaries. These individuals are entitled to Part A and/or Part B coverage based on the Railroad Retirement Act.
Railroad Subrogation Waiver Clause
A provision in a property insurance policies that the contract shall be valid even though the insured has an agreement with the railroad waiving subrogation against the railroad. Usually used in connection with a railroad sidetrack agreement.
Railroad subrogation waiver clause (Liability Insurance)
A provision in a property insurance policy, usually written due to the existence of a sidetrack agreement with the railroad. The clause states that the coctract remains valid despite the agreement the insured has with the railroad waiving subrogation against them.
Railroad Travel Policy
A form of an accident insurance policy sold in railroad stations by ticket agents or by vending machines or being forming part of journey ticket.
Railroad travel policy (Health Insurance)
An insurance policy, similar to travel accident insurance, which is normally sold at the railroad station.
Rain insurance
coverage A weather coverage that indemnifies a promoter or organizer against loss of income because of the cancellation of an outdoor event due to rainfall that exceeds a specified amount during a specified time period. Also considered as events coverage.
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Insurance against loss caused by a measured amount of rainfall within stated period of time. Protects against loss of expenses incurred or loss of income expected caused by reduction of patronage of sales or other events by rain, hail, snow or sleet.