What does Expense Loading mean? Read on to discover the definition & meaning of the term Expense Loading - to help you better understand the language used in insurance policies.
Expense loading is the portion of an insurance premium that is meant to cover the insurance company's expenses, including taxes and underwriting costs. Alongside the likelihood of claims and profit loading, expense loading is considered when calculating premium offers.
We hope the you have a better understanding of the meaning of Expense Loading.