MLchartDataset catalogue

Package policy

Term · Insurance and risk management · MLC-T-INS-002473

A single insurance contract that combines two or more distinct types of coverage, such as property and liability, into one policy. This bundling of coverages is designed to address the primary insurance needs of a business or individual at a lower premium than purchasing each coverage separately. The Businessowners Policy (BOP) is a common example of a package policy for small to medium-sized enterprises.

Table 1. Record
IdentifierMLC-T-INS-002473
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002473",
  "term": "Package policy",
  "field": "Insurance and risk management",
  "definition": "A single insurance contract that combines two or more distinct types of coverage, such as property and liability, into one policy. This bundling of coverages is designed to address the primary insurance needs of a business or individual at a lower premium than purchasing each coverage separately. The Businessowners Policy (BOP) is a common example of a package policy for small to medium-sized enterprises.",
  "url": "https://mlchart.com/terminology/insurance/package-policy/"
}

Record 2,472 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.