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Open Policy

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
Open Policy
A marine cargo insurance policy issued to cover various unspecified exports over the life of the policy.

Open Policy
In maritime commerce, an insurance policy stating that the insurer is responsible for partial losses on the value of the covered products without stating what is specifically covered. Sometimes open policies include a deductible and sometimes they do not. Depending on the amount of the deductible, the insurer of an open policy will be liable for losses if some of the products break in transit, regardless of the reason. See also: WPA.


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Raii said the late minster was known for his open policy and his determination to preserve Lebanon's message of democracy and sovereignty.
We now have not only an unelected prime minister, but also a government with an open policy of ignoring the facts.
Gavin Sherratt, of Liverpool agency It's About Websites, said: "We have an open policy on social networking as it strikes a good work/ life balance between when we have to ask for those few extra hours or weekend working.
 
 
 
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