Waiver clause

Updated: Aug 20, 2021

The clause in marine insurance policies allowing either party to take steps to minimize a loss without thereby prejudicing rights.

Reference: The Penguin Business Dictionary, 3rd edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.