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Group Insurance |
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Group insurance Insurance coverage for a group, which can usually be obtained at a cheaper rate than insurance for an individual. Group Insurance Insurance provided to a whole number of people who negotiate collectively. Group insurance is thought to provide better insurance at a lower rate to members of the group because the insurer is able to spread its risk over a larger number of people that it otherwise would be able to do. Unions and other trade groups often procure group insurance policies. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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