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Seguro a Segundo Risco

English translation: secondary or second loss insurance

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:Seguro a Segundo Risco
English translation:secondary or second loss insurance
Entered by: T o b i a s

12:38 Apr 6, 2012
Portuguese to English translations [PRO]
Bus/Financial - Insurance / freight transportation
Portuguese term or phrase: Seguro a Segundo Risco
e.g.,

O Código Brasileiro de Aviação exige a contratação do RETA (Seguro de Responsabilidade do Explorador e Transportador Aéreo, que ampara contra abalroamento, colisão, danos materias e corporais aos passageiros, tripulantes e terceiros em solo. A fim de ampliar o limite de indenizacão da cobertura obrigatória, junto a ele pode ser contratado o Seguro de Responsabilidade Civil a Segundo Risco.

and

http://www.igf.com.br/aprende/glossario/glo_Resp.aspx?id=271...

Thanks in advance
T o b i a s
secondary or second loss insurance
Explanation:
For the U.S. my 1st. suggestion:

http://www.businessdictionary.com/definition/secondary-insur...

Definition:
Protection against a risk or group of risks that is taken out to supplement a primary policy already held by the insured party. For example, a business might take out a secondary insurance policy to cover a significant gap or uninsured risk not covered by their existing insurance policy.
----------------
It seems that in Britain, they use the 2nd option:

http://www.bba.org.uk/blog/article/tgi-friday

Of more lasting substance though is the announcement of the second loss insurance that RBS has taken out against some asset portfolios. This is the key to cutting what has become know as the ‘feedback loop’ between the financial sector and the real economy. Instead of having to reserve capital on a ‘just in case’ basis, RBS will be able not only to continue to lend but also to lend considerably more.
----------------------------
IATE:
Seguro [COM] Entrada completa
PT seguro de segundo risco
EN second loss insurance


--------------------------------------------------
Note added at 10 days (2012-04-16 20:58:43 GMT) Post-grading
--------------------------------------------------

Obrigado, Tobias :)
Selected response from:

Gilmar Fernandes
United States
Local time: 19:09
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1second party insurance cover
Nick Taylor
4secondary or second loss insurance
Gilmar Fernandes


  

Answers


52 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
second party insurance cover


Explanation:
second party insurance cover

Nick Taylor
Local time: 00:09
Native speaker of: Native in EnglishEnglish
PRO pts in category: 24

Peer comments on this answer (and responses from the answerer)
agree  Patricia Fierro, M. Sc.
3 hrs
  -> thanks Patricia
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
secondary or second loss insurance


Explanation:
For the U.S. my 1st. suggestion:

http://www.businessdictionary.com/definition/secondary-insur...

Definition:
Protection against a risk or group of risks that is taken out to supplement a primary policy already held by the insured party. For example, a business might take out a secondary insurance policy to cover a significant gap or uninsured risk not covered by their existing insurance policy.
----------------
It seems that in Britain, they use the 2nd option:

http://www.bba.org.uk/blog/article/tgi-friday

Of more lasting substance though is the announcement of the second loss insurance that RBS has taken out against some asset portfolios. This is the key to cutting what has become know as the ‘feedback loop’ between the financial sector and the real economy. Instead of having to reserve capital on a ‘just in case’ basis, RBS will be able not only to continue to lend but also to lend considerably more.
----------------------------
IATE:
Seguro [COM] Entrada completa
PT seguro de segundo risco
EN second loss insurance


--------------------------------------------------
Note added at 10 days (2012-04-16 20:58:43 GMT) Post-grading
--------------------------------------------------

Obrigado, Tobias :)

Gilmar Fernandes
United States
Local time: 19:09
Native speaker of: Native in PortuguesePortuguese, Native in EnglishEnglish
PRO pts in category: 127
Grading comment
Thanks!
Login to enter a peer comment (or grade)



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