Construction, occupancy, protection, and exposure (COPE)

{
  "id": "MLC-T-INS-000918",
  "term": "Construction, occupancy, protection, and exposure (COPE)",
  "field": "Insurance and risk management",
  "definition": "A framework used by property underwriters to assess the risk characteristics of a building or property for insurance purposes. Construction evaluates the materials and structural integrity, occupancy considers the type of business or use, protection examines fire suppression systems and security measures, and exposure assesses external hazards like adjacent properties or natural perils. Each factor contributes to determining the appropriate premium and coverage terms.",
  "abbreviation": "COPE",
  "url": "https://mlchart.com/terminology/insurance/construction-occupancy-protection-and-exposure-cope/"
}