MLchartDataset catalogue

Wrap-around policy

Term · Insurance and risk management · MLC-T-INS-003559

An insurance policy designed to supplement existing coverage, providing additional limits or broader protection for specific risks. It extends the scope of an underlying policy, filling gaps or increasing the total amount of available insurance. This type of policy is common in liability insurance, where it can provide excess coverage over primary policies.

Table 1. Record
IdentifierMLC-T-INS-003559
FieldInsurance and risk management
SubjectEmployment Practices Liability
Record as JSON 
{
  "id": "MLC-T-INS-003559",
  "term": "Wrap-around policy",
  "field": "Insurance and risk management",
  "definition": "An insurance policy designed to supplement existing coverage, providing additional limits or broader protection for specific risks. It extends the scope of an underlying policy, filling gaps or increasing the total amount of available insurance. This type of policy is common in liability insurance, where it can provide excess coverage over primary policies.",
  "subject": "Employment Practices Liability",
  "url": "https://mlchart.com/terminology/insurance/wrap-around-policy/"
}

Record 3,713 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.