MLchartDataset catalogue

Primary cover

Term · Insurance and risk management · MLC-T-INS-002658

The first layer of insurance that responds to a covered loss, up to its policy limits, before any excess or umbrella policies are triggered. This policy bears the initial financial burden of a claim and typically includes the defense costs. It forms the foundation of an insured's liability protection program.

Table 1. Record
IdentifierMLC-T-INS-002658
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-002658",
  "term": "Primary cover",
  "field": "Insurance and risk management",
  "definition": "The first layer of insurance that responds to a covered loss, up to its policy limits, before any excess or umbrella policies are triggered. This policy bears the initial financial burden of a claim and typically includes the defense costs. It forms the foundation of an insured's liability protection program.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/primary-cover/"
}

Record 2,674 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.