Exposure
Term · Insurance and risk management · MLC-T-INS-001418
The state of being subject to a potential loss, representing the possibility of financial detriment due to an insured peril. It quantifies the maximum amount an insurer could be obligated to pay under a policy or the total value of assets at risk. Exposure can be measured in terms of insured values, payroll, or sales.
| Identifier | MLC-T-INS-001418 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001418",
"term": "Exposure",
"field": "Insurance and risk management",
"definition": "The state of being subject to a potential loss, representing the possibility of financial detriment due to an insured peril. It quantifies the maximum amount an insurer could be obligated to pay under a policy or the total value of assets at risk. Exposure can be measured in terms of insured values, payroll, or sales.",
"url": "https://mlchart.com/terminology/insurance/exposure/"
}
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