highly protected risk

Definition

Insurance industry term for the highest quality risk where both the frequency and the severity of a loss has been addressed by measures such as installation of fire and smoke alarms, water hydrants, and sprinkler systems. Highly protected risks enjoy a low premium rate.


highly protected risk is...

Nearby Terms

Search volume for highly protected risk

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z