Small deductible plan

{
  "id": "MLC-T-INS-003107",
  "term": "Small deductible plan",
  "field": "Insurance and risk management",
  "definition": "A workers' compensation insurance program where the employer assumes responsibility for a predetermined, relatively low amount of each claim before the insurer begins to pay. This arrangement allows employers to manage minor losses directly, potentially reducing their overall premium costs. Deductible amounts can range from a few hundred to several thousand dollars per claim.",
  "subject": "Workers Compensation",
  "url": "https://mlchart.com/terminology/insurance/small-deductible-plan/"
}