Tag Archives: Investopedia

“Bumbershoot”?

Perusing the bumf for a new job, I came across this wonderful word, entirely new to me. Fearful of a typo, I was delighted to discover that it’s 100% kosher.

To quote Investopedia:

The word bumbershoot literally means “umbrella”. Hence the name for this type of policy, which is intended to cover all miscellaneous forms of liability just as a standard umbrella policy does for individuals or businesses. Bumbershoot policies can also provide insurance for collision and salvage expenses.

So there you go. Be sure to use it in your next dinner-table conversation. Think of it as a challenge.