A policy issued to local authorities to provide an indemnity in respect of third party claims following errors and omissions in respect of local land charges, etc., and notices issued in connection with them.

Lloyd’s term for an unaccredited broker who accesses the Lloyd’s market through an accredited broker.

A guarantee to a local or public authority required under the Local Government Act 1972, s.114, in respect of loss of money or other property due to the dishonesty of officials employed by the authority.

Cargo insurance clause in open covers limiting cover at any one location during transit when the goods are not on the oversea vessel. Shipments may accumulate at one port and the clause limits the insurer’s liability to an amount for any one loss in any one location.
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A clause in cargo open cover or floating Policy which limits Insurance cover whilst goods are accumulated in one location.