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.
Aggregate Stop-Loss Insurance. DEFINITION of 'Aggregate Stop-Loss Insurance'. A policy designed to limit claim coverage (losses) to a specific amount. This type of coverage is to ensure that catastrophic claims (specific stop-loss) or numerous claims (aggregate stop-loss), do not upset the financial reserves of a self-funded plan. Aggregate stop-loss protects the employer against higher-than-expected claims.