Related claims provisions
Term · Insurance and risk management · MLC-T-INS-002865
Clauses in an insurance policy that group multiple claims arising from a single event, series of related events, or common wrongful act into a single claim for coverage purposes. This provision typically means that all such related claims will be treated as one claim, subject to a single limit of liability and deductible. It prevents policyholders from exhausting multiple policy limits for interconnected incidents.
| Identifier | MLC-T-INS-002865 |
|---|---|
| Field | Insurance and risk management |
| Subject | Cyber and Privacy Liability |
Record as JSON
{
"id": "MLC-T-INS-002865",
"term": "Related claims provisions",
"field": "Insurance and risk management",
"definition": "Clauses in an insurance policy that group multiple claims arising from a single event, series of related events, or common wrongful act into a single claim for coverage purposes. This provision typically means that all such related claims will be treated as one claim, subject to a single limit of liability and deductible. It prevents policyholders from exhausting multiple policy limits for interconnected incidents.",
"subject": "Cyber and Privacy Liability",
"url": "https://mlchart.com/terminology/insurance/related-claims-provisions/"
}
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