Single Loss Threshold Sample Clauses

The Single Loss Threshold clause sets a minimum monetary amount that a loss must exceed before it is considered for claims or indemnification under a contract. In practice, this means that only losses above the specified threshold are eligible for compensation, while smaller losses are disregarded. This mechanism helps to prevent the administrative burden and costs associated with processing minor claims, ensuring that only significant losses are addressed and reducing the potential for frequent, low-value disputes.