Highly protected risk property HPR

{
  "id": "MLC-T-INS-001724",
  "term": "Highly protected risk property HPR",
  "field": "Insurance and risk management",
  "definition": "A classification for commercial or industrial properties that exhibit superior construction, occupancy, and protection features, resulting in a lower probability of loss from fire or other perils. These properties incorporate advanced fire suppression systems, strict safety protocols, and regular maintenance. Insurers offer lower premiums for HPR properties due to their reduced risk profile, often requiring detailed engineering assessments.",
  "url": "https://mlchart.com/terminology/insurance/highly-protected-risk-property-hpr/"
}