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.
Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the insured) from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy.