What Does Fixed Cost Insurance Mean?

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What does Fixed Cost Insurance mean? Read on to discover the definition & meaning of the term Fixed Cost Insurance - to help you better understand the language used in insurance policies.

Fixed Cost Insurance

Fixed Cost Insurance

A traditional insurance program where the insured is charged a fixed premium rate. The rate is tied to a measure of exposure, such as payroll or sales, but is not loss sensitive.

We hope the you have a better understanding of the meaning of Fixed Cost Insurance.

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