Rectification coverage

Term · Insurance and risk management · MLC-T-INS-002818

A type of insurance coverage, often found in professional liability or construction policies, that pays for the costs of correcting a defect or error before it causes further damage or a formal claim is made. This proactive approach aims to mitigate potential losses and prevent larger, more expensive claims. It encourages early detection and correction of mistakes.

Table 1. Record
Identifier	MLC-T-INS-002818
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002818",
  "term": "Rectification coverage",
  "field": "Insurance and risk management",
  "definition": "A type of insurance coverage, often found in professional liability or construction policies, that pays for the costs of correcting a defect or error before it causes further damage or a formal claim is made. This proactive approach aims to mitigate potential losses and prevent larger, more expensive claims. It encourages early detection and correction of mistakes.",
  "url": "https://mlchart.com/terminology/insurance/rectification-coverage/"
}

Record 2,879 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.