MLchartDataset catalogue

Downsizing exclusion

Term · Insurance and risk management · MLC-T-INS-001219

A provision in an insurance policy, particularly in employment practices liability (EPL) insurance, that excludes coverage for claims arising from a reduction in force or mass layoff. This exclusion aims to limit the insurer's exposure to claims related to large-scale employment terminations. The specific number of employees or percentage of the workforce that constitutes a 'downsizing' is defined within the policy language.

Table 1. Record
IdentifierMLC-T-INS-001219
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-001219",
  "term": "Downsizing exclusion",
  "field": "Insurance and risk management",
  "definition": "A provision in an insurance policy, particularly in employment practices liability (EPL) insurance, that excludes coverage for claims arising from a reduction in force or mass layoff. This exclusion aims to limit the insurer's exposure to claims related to large-scale employment terminations. The specific number of employees or percentage of the workforce that constitutes a 'downsizing' is defined within the policy language.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/downsizing-exclusion/"
}

Record 1,046 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.