Increased limits table

{
  "id": "MLC-T-INS-001787",
  "term": "Increased limits table",
  "field": "Insurance and risk management",
  "definition": "A schedule used by insurers to determine the additional premium required for liability coverage beyond a basic limit. This table presents factors or percentages that are applied to the basic premium to reflect the cost of higher coverage amounts. The factors increase non-linearly with the limit, reflecting the greater severity of losses at higher layers.",
  "url": "https://mlchart.com/terminology/insurance/increased-limits-table/"
}