Radius of operations

{
  "id": "MLC-T-INS-002788",
  "term": "Radius of operations",
  "field": "Insurance and risk management",
  "definition": "The maximum geographical distance from a specified business location within which an insured's vehicles or mobile equipment are covered under a commercial auto or equipment policy. Operations beyond this stated radius may require an endorsement or a separate policy for coverage to apply. This distance is a rating factor, with a larger radius resulting in a higher premium due to the increased exposure.",
  "url": "https://mlchart.com/terminology/insurance/radius-of-operations/"
}