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Industrial Insured

German translation: Firmenversicherung oder Firmengruppenversicherung

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Industrial Insured
German translation:Firmenversicherung oder Firmengruppenversicherung

17:11 Feb 18, 2008
English to German translations [PRO]
Bus/Financial - Insurance / Risk Management
English term or phrase: Industrial Insured
I can't find the German translation for "Industrial Insured".

Here is a definition:

An organization that buys its insurance through an employed insurance or risk manager or a continuously retained, full-time insurance consultant. Such insureds have minimum annual nonlife and health premiums of $25,000 per year and employ at least 25 persons on a full-time basis. Many state insurance codes, especially in surplus lines laws, exempt industrial insureds from requirements to purchase insurance only from a domestically authorized insurer.

Thanks for your help!
Eva Harrison
Firmenversicherung oder Firmengruppenversicherung
Explanation:
According to some definitions for "industrial insured captive" (that seems to be the full term) this would be an insurer that specialises in the insurance of a "group of industrial entities". This would correspond in some way (though probably not fully) to the German equivalent "Firmengruppenversicherung". Your sentence does leave it open, though, if this is a single company or a group of companies. You would have to choose your translation according to which category the insured falls into.

http://www.mtcaptives.org/i4a/pages/Index.cfm?pageID=3341
http://www.captive.utah.gov/benefits.html
Industrial Insured Captives
An Industrial Insured Captive is one formed to insure the risks produced by a group of industrial entities.

An Industrial Insured is an insured that procures the insurance of any risk or risks by use of the services of a full-time employee acting as an insurance manager or buyer and whose aggregate annual premiums for insurance on all risks is at least $25,000 and who has at least 25 full-time employees. Industrial entities may form a group and insure the risks produced by that group through an Industrial Insured Captive.
http://www.gkm-web.de/glossar/f/firmengruppenversicherung.ht...
Selected response from:

Ivo Lang
United Kingdom
Local time: 05:41
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1Firmenversicherung oder Firmengruppenversicherung
Ivo Lang


  

Answers


33 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
industrial insured
Firmenversicherung oder Firmengruppenversicherung


Explanation:
According to some definitions for "industrial insured captive" (that seems to be the full term) this would be an insurer that specialises in the insurance of a "group of industrial entities". This would correspond in some way (though probably not fully) to the German equivalent "Firmengruppenversicherung". Your sentence does leave it open, though, if this is a single company or a group of companies. You would have to choose your translation according to which category the insured falls into.

http://www.mtcaptives.org/i4a/pages/Index.cfm?pageID=3341
http://www.captive.utah.gov/benefits.html
Industrial Insured Captives
An Industrial Insured Captive is one formed to insure the risks produced by a group of industrial entities.

An Industrial Insured is an insured that procures the insurance of any risk or risks by use of the services of a full-time employee acting as an insurance manager or buyer and whose aggregate annual premiums for insurance on all risks is at least $25,000 and who has at least 25 full-time employees. Industrial entities may form a group and insure the risks produced by that group through an Industrial Insured Captive.
http://www.gkm-web.de/glossar/f/firmengruppenversicherung.ht...


Ivo Lang
United Kingdom
Local time: 05:41
Native speaker of: German
PRO pts in category: 70
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Hans G. Liepert: Firmenversicherung/Industrieversicherung
3 hrs
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