Environmental stop loss insurance

Term · Insurance and risk management · MLC-T-INS-001334

A type of insurance that provides coverage for environmental remediation costs that exceed a predetermined self-insured retention or deductible. This policy protects companies from catastrophic financial losses associated with large-scale environmental cleanup projects. It functions similarly to stop-loss coverage in other insurance lines, capping the insured's out-of-pocket expenses.

Table 1. Record
Identifier	MLC-T-INS-001334
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001334",
  "term": "Environmental stop loss insurance",
  "field": "Insurance and risk management",
  "definition": "A type of insurance that provides coverage for environmental remediation costs that exceed a predetermined self-insured retention or deductible. This policy protects companies from catastrophic financial losses associated with large-scale environmental cleanup projects. It functions similarly to stop-loss coverage in other insurance lines, capping the insured's out-of-pocket expenses.",
  "url": "https://mlchart.com/terminology/insurance/environmental-stop-loss-insurance/"
}

Record 1,177 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.