What does Highly Protected Risk mean? Read on to discover the definition & meaning of the term Highly Protected Risk - to help you better understand the language used in insurance policies.
Highly Protected Risk
Insurance industry term for the highest quality risk where both the frequency and the severity of a loss has been addressed by measures such as installation of fire and smoke alarms, water hydrants, and sprinkler systems. Highly protected risks enjoy a low premium rate.
We hope the you have a better understanding of the meaning of Highly Protected Risk.