Occupancy

{
  "id": "MLC-T-INS-002382",
  "term": "Occupancy",
  "field": "Insurance and risk management",
  "definition": "The type of use or activity conducted within a building or on a property, which influences the level of risk for insurers. Different occupancies, such as residential, commercial, or industrial, present varying hazards for fire, theft, or liability claims. Underwriters assess occupancy to determine appropriate coverage and premium rates.",
  "url": "https://mlchart.com/terminology/insurance/occupancy/"
}