The 4 Types of Exposure that Determine Insurance Premiums

image credit: Shutter_M/shutterstock.com

When an Insurance Company is looking to write a policy to cover an Insured (i.e. Owner, General Contractor, or Trade Contractor, etc.), they are looking at how much exposure they are opening their company up to. Simply put, the Insurance Company is looking to see how much risk the Insured’s line of business/trade has. Insurance companies use exposure as the basic unit to help determine the rates for each specific class of business.

Read More

Topics: construction insurance, Exposure, Insurance Premiums

Subscribe to Weekly Blog Email Updates

Recent Posts

Posts by Topic

see all