— Also termed rescue clause. [Cases: Insurance 2195, 2245(2). C.J.S. Insurance §§ 1118, 1215.]
“Some insurance today is written against ‘all risks’ …. Besides the perils clause … recovery under the policy can be had on the entirely separate ‘sue and labor’ clause …. Under this clause, the underwriter may become liable for certain charges incurred by the assured in caring for the insured property, whether or not there is any actual loss or damage. Where sue-and-labor charges are incurred and loss also occurs, the underwriter may become liable for more than the policy amount, which limits only a claim for loss of or damage to the goods or vessel.” Grant Gilmore & Charles L. Black Jr., The Law of Admiralty§ 2-10, at 75 (2d ed. 1975).