MLchartDataset catalogue

Common accident

Term · Insurance and risk management · MLC-T-INS-000843

A single, unexpected, and uninterrupted event that results in injury or damage to multiple persons or properties. In liability and workers' compensation insurance, all injuries and damages arising from one such event are considered part of a single occurrence. This distinction determines how policy limits, deductibles, and per-occurrence caps are applied to the resulting claims.

Table 1. Record
IdentifierMLC-T-INS-000843
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000843",
  "term": "Common accident",
  "field": "Insurance and risk management",
  "definition": "A single, unexpected, and uninterrupted event that results in injury or damage to multiple persons or properties. In liability and workers' compensation insurance, all injuries and damages arising from one such event are considered part of a single occurrence. This distinction determines how policy limits, deductibles, and per-occurrence caps are applied to the resulting claims.",
  "url": "https://mlchart.com/terminology/insurance/common-accident/"
}

Record 644 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.