Define: Insured Standing Charges
Insured Standing Charges means charges that remain incurred by [organization] regardless of any damage occurrence with no effect on turnover.
Insured Standing Charges means charges that remain incurred by [organization] regardless of any damage occurrence with no effect on turnover.
Relevant Circumstances
- When operational service fees need to be established in a contractual relationship.
- When per-day charges or fees need to be outlined in a rental context.
- When hiring equipment or machinery and need to establish costs unrelated to the level of productivity.