Dual Trigger Insurance

Business, Legal & Accounting Glossary

Definition: Dual Trigger Insurance


Dual Trigger Insurance


Full Definition of Dual Trigger Insurance


An insurance policy that pays benefits only if two types of events occur. One of the triggers is usually a casualty event, such as a fire or a tornado, and the other is a financial event, such as an increase in the price of a commodity. For example, a dual trigger policy might pay benefits if a fire destroyed the warehouse of a shipping company and the price of diesel fuel went up by twenty percent.


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March 29, 2024 https://payrollheaven.com/define/dual-trigger-insurance/.
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Dual Trigger Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/dual-trigger-insurance/ (accessed: March 29, 2024).
American Psychological Association (APA):
Dual Trigger Insurance. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/dual-trigger-insurance/

Definition Sources


Definitions for Dual Trigger Insurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.