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Home > QFINANCE Dictionary > Definition of exclusion clause

Definition of

exclusion clause

Legal

clause listing items not covered by agreement a clause in an insurance policy or warranty that states which items or events are not included in the cover provided

exclusion clause - Related Articles

  • Understanding the Components of an Insurance Contract

    Checklists

    Exclusions: These clauses describe property, perils, hazards, or losses arising from specific causes that are not covered by the policy.

  • Directors’ and Officers’ Liability Insurance

    Checklists

    exclusion clauses could leave your business exposed to risks you thought were covered. Try to quantify in financial terms how falling foul of various risks could affect your business. Only once an actual liability figure is available can you expect an insurance supplier to be able to provide a D&O quotation

  • Stress Testing to Evaluate Insurance Cover

    Checklists

    as more significant/catastrophic single incidents. Examine whether particular exclusion clauses could leave your business exposed to risks that you thought were covered. Do try to quantify in financial terms how falling foul of various risks could affect your business. Only once an actual liability figure

  • Distribution Agreements

    Checklists

    The distributor can be exclusive or nonexclusive. An exclusive distribution agreement gives the distributor the sole right to distribute and sell the products in that territory—the principal will not appoint any other distributors. A nonexclusive arrangement means that there will be other

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Definitions of ’exclusion clause’ and meaning of ’exclusion clause’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’exclusion clause’ and other financial terms with our online QFINANCE Financial Dictionary.

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