Strike Insurance

Strike Insurance

An insurance policy that protects the policyholder from losses due to strikes, lock-outs or other actions involving employees. Most insurance policies do not cover strikes, so strike insurance must be purchased separately. As with all insurance, one must pay a premium to receive coverage.
References in periodicals archive ?
Because the disputes were not considered to be a strike, the typical strike insurance most companies have would not be triggered in this case," said Conrad.
A hospital spokesman said UMass Memorial does not have strike insurance.
As owners dug in their heels, eventually acquired strike insurance, and prepared for the defeat of the union, the players were driven reluctantly to consider the strike option.
Some also view strike insurance as potentially working against the public good, by reducing the incentive for parties involved in a labor dispute to settle.
One possible--and potentially positive--outcome of the lockout, predicts Betterley, could be a heightened focus on the feasibility of developing and offering third-party strike insurance on a more widespread basis.
Investing in strike insurance wherever they can, nets are more likely to pick up shows that might otherwise be canceled.
Social changes, such as the rise of labor unions in the 1900s and civil unrest in the 1960s, spawned new insurance products, like strike insurance and government-sponsored riot reinsurance.
At the turn of the century, America's work force was becoming more organized, a trend that led to more labor strikes and strike insurance.
In Sweden the arrival of socialist ideas before the advent of industrialization and democratization led to a strong union confederation, whose strength spurred employers to unite and become even more centralized than the unions, taming the unions through the use of the multi-industry lockout and strike insurance.
HOLLYWOOD CBS has purchased some pretty powerful strike insurance, pacting with "Survivor" exec producer Mark Burnett on a mega-deal that guarantees at least two more Burnett-produced editions of the reality phenom -- and the promise of even more installments later.
NEW YORK ABC, searching for strike insurance, has bought three runs of each of the first 13 James Bond theatricals from MGM for a total license fee of about $30 million.
From the news last week that NBC is preparing to begin immediate production on a third "Law & Order" franchise, to Fox's reality-skein buying spree, the networks are already looking at all kinds of strike insurance.