MLchartDataset catalogue

Statutory insurance

Term · Insurance and risk management · MLC-T-INS-003744

Insurance coverage mandated by law, requiring individuals or businesses to carry specific types and amounts of protection. Workers' compensation insurance is a prime example, as nearly all employers are legally required to provide it to their employees. Other forms include compulsory auto liability insurance in many jurisdictions.

Table 1. Record
IdentifierMLC-T-INS-003744
FieldInsurance and risk management
SubjectWorkers Compensation
Record as JSON 
{
  "id": "MLC-T-INS-003744",
  "term": "Statutory insurance",
  "field": "Insurance and risk management",
  "definition": "Insurance coverage mandated by law, requiring individuals or businesses to carry specific types and amounts of protection. Workers' compensation insurance is a prime example, as nearly all employers are legally required to provide it to their employees. Other forms include compulsory auto liability insurance in many jurisdictions.",
  "subject": "Workers Compensation",
  "url": "https://mlchart.com/terminology/insurance/statutory-insurance/"
}

Record 3,253 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.