Rectification/mitigation insurance (R/M)

Term · Insurance and risk management · MLC-T-INS-002819

A type of insurance that covers the costs incurred to correct or mitigate a defect or error before it leads to a larger, more expensive claim. This coverage is common in construction or professional liability policies, encouraging proactive problem-solving to prevent greater losses. It differs from standard liability coverage, which typically responds only after a loss has occurred.

Table 1. Record
Identifier	MLC-T-INS-002819
Field	Insurance and risk management
Abbreviation	R/M

Record as JSON

{
  "id": "MLC-T-INS-002819",
  "term": "Rectification/mitigation insurance (R/M)",
  "field": "Insurance and risk management",
  "definition": "A type of insurance that covers the costs incurred to correct or mitigate a defect or error before it leads to a larger, more expensive claim. This coverage is common in construction or professional liability policies, encouraging proactive problem-solving to prevent greater losses. It differs from standard liability coverage, which typically responds only after a loss has occurred.",
  "abbreviation": "R/M",
  "url": "https://mlchart.com/terminology/insurance/rectification-mitigation-insurance-r-m/"
}

Record 2,851 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.