wol
wol — abbreviation
1. short for "wharf owner's liability," an insurance term for cover that protects a
short for "wharf owner's liability," an insurance term for cover that protects a wharf owner or operator against claims for injury or damage linked to the wharf.
The broker recommended WOL cover before the port expanded its cargo area.
WOL cover in an insurance recommendation
The lease required WOL insurance for every company using the private wharf.
WOL insurance in a lease requirement
After the crane accident, the manager checked whether the WOL policy covered injury claims.
The shipping firm renewed its WOL before storm season began.
In the contract, WOL was listed beside fire and flood coverage.
- wharf owner's liability
the full phrase, used when the writer does not want the abbreviation
文法句型
WOL policy
WOL insurance
renew WOL
用法筆記
Usually appears in policy schedules, contracts, and broker notes connected with port operations. It is normally written as WOL in capitals; outside shipping or insurance writing, the full phrase is clearer.