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Terms Beginning with L
                       
                       
 Labor force participation rate   Leucopenia   London Good Delivery Standards  
 Large Deductible Policy   Leverage Adjusted Duration   Long-Term Total Return  
 Laws   Leverage Ratio   Longterm debt to Equity Ratio  
 LDL   LIBOR   Loss And LAE Ratio  
 Leach Stockpiles   Life Underwriting Income   Loss Reserve Development  
 Leaching   Life-of-Mine   Loss Reserves  
 Lead   LIFO   Losses  
 Lead Concentrate   Light Crude oil   Losses Incurred  
 Leased Department Retail   Light Sweet Crude Oil   Lysate  
 LED Light Emitting Diode   Lloyds   Lysates  
                 
                   
 
 
       
       
 

Large Deductible Policy

Insurance Term


A Large Deductible Policy is a type of insurance policy where a business assumes a significant portion of the financial risk of an insurance claim by agreeing to pay a high deductible. The deductible is the amount of money that the policyholder must pay out-of-pocket before the insurance company pays for covered losses.

Large Deductible Policies are usually used in commercial insurance and workers' compensation insurance. By accepting a higher deductible, the policyholder can typically enjoy lower premiums, which can help reduce the overall cost of coverage.

In a Large Deductible Policy, the policyholder agrees to pay a predetermined deductible amount for each claim, up to a certain maximum. Once the deductible is reached, the insurance company pays the remaining amount of the loss, up to the policy limits.

This type of policy is often used by larger businesses that can afford to accept a higher level of financial risk, and it is particularly useful for businesses with a good safety record. By accepting a higher deductible, the policyholder has an incentive to minimize losses and implement risk management strategies to prevent future claims.

Overall, Large Deductible Policies can be an effective way for businesses to control their insurance costs while maintaining adequate coverage for potential losses.


   
     

Large Deductible Policy

Insurance Term


A Large Deductible Policy is a type of insurance policy where a business assumes a significant portion of the financial risk of an insurance claim by agreeing to pay a high deductible. The deductible is the amount of money that the policyholder must pay out-of-pocket before the insurance company pays for covered losses.

Large Deductible Policies are usually used in commercial insurance and workers' compensation insurance. By accepting a higher deductible, the policyholder can typically enjoy lower premiums, which can help reduce the overall cost of coverage.

In a Large Deductible Policy, the policyholder agrees to pay a predetermined deductible amount for each claim, up to a certain maximum. Once the deductible is reached, the insurance company pays the remaining amount of the loss, up to the policy limits.

This type of policy is often used by larger businesses that can afford to accept a higher level of financial risk, and it is particularly useful for businesses with a good safety record. By accepting a higher deductible, the policyholder has an incentive to minimize losses and implement risk management strategies to prevent future claims.

Overall, Large Deductible Policies can be an effective way for businesses to control their insurance costs while maintaining adequate coverage for potential losses.


Related Insurance Terms


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