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War/Strike Clause |
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War/Strike Clause A clause in an insurance contract providing coverage for a loss that occurs due to an act of war, a strike (when employees refuse to show up to work) and some other forms of civil strife. Many insurance contracts do not provide coverage for these events, but a war/strike clause reduces the risk of a loss due to war by increasing the number of covered events. See also: Force majeure risk. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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