Milking a snake for the production of antivenom. Antivenom (or antivenin or antivenene) is a biological product used in the treatment of venomous bites or stings. Antivenom is created by milking venom from a relevant snake, spider, insect, or fish.
Definition of fleet insurance. : insurance by which a number of ships, automobiles, or airplanes are covered under one contract.
Backdated Liability Insurance Explained. Backdated Liability Insurance Def: Coverage procured for claims after a loss event has actually happened. This type of coverage is offered when the amount of the claim is very uncertain and potentially long delays in payment may result.