Industrial insured

{
  "id": "MLC-T-INS-001822",
  "term": "Industrial insured",
  "field": "Insurance and risk management",
  "definition": "A commercial insurance buyer that meets statutory size and sophistication tests, typically buying through a full-time risk manager or qualified consultant, paying a minimum annual premium, and employing a minimum number of full-time staff. Many states give such buyers relief from certain rate, form, and surplus lines rules. A common statutory test is aggregate premiums of at least 25,000 dollars and at least 25 full-time employees.",
  "url": "https://mlchart.com/terminology/insurance/industrial-insured/"
}