Exposure base

{
  "id": "MLC-T-INS-001419",
  "term": "Exposure base",
  "field": "Insurance and risk management",
  "definition": "A measurable unit used to determine the premium for an insurance policy, reflecting the extent of the risk being insured. Common exposure bases include payroll for workers' compensation, sales for general liability, or square footage for property insurance. The premium is calculated by multiplying the rate by the exposure base.",
  "url": "https://mlchart.com/terminology/insurance/exposure-base/"
}