Group property and liability insurance

Term · Insurance and risk management · MLC-T-INS-001682

A type of insurance program that provides property and liability coverage to a collective of individuals or entities, such as members of an association or employees of a large organization. This approach often allows for lower premiums and broader coverage terms due to the larger risk pool and administrative efficiencies. It contrasts with individual policies purchased by each member.

Table 1. Record
Identifier	MLC-T-INS-001682
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001682",
  "term": "Group property and liability insurance",
  "field": "Insurance and risk management",
  "definition": "A type of insurance program that provides property and liability coverage to a collective of individuals or entities, such as members of an association or employees of a large organization. This approach often allows for lower premiums and broader coverage terms due to the larger risk pool and administrative efficiencies. It contrasts with individual policies purchased by each member.",
  "url": "https://mlchart.com/terminology/insurance/group-property-and-liability-insurance/"
}

Record 1,603 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.