Highly Protected Risk


Also found in: Acronyms.

Highly Protected Risk

A risk that is highly unlikely to happen and, if it does, is unlikely to cause a great deal of damage. Insurance policies covering highly protected risks carry low premiums
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He notes that with highly protected risk (HPR) property and liability coverages, Wallace now receives its loss reports via the Internet.
Nevertheless, as even newer materials and manufacturing processes are developed, additional hazards are sure to follow; this ever-evolving process provides a daunting challenge for risk managers striving to maintain their firms' highly protected risk (HPR) status.
Another way to reduce premium is to have property rated a highly protected risk. In other words, create a return on insurance premium and make use of these experts.
FM Global's business profile is characterized as 'Very Strong' by Fitch as FM Global has built a significant franchise in the commercial property market for highly protected risks. Fitch views the company's engineering capabilities and loss prevention services as key advantages that are difficult for competitors to replicate, and believes this expertise will result in future underwriting results that are consistently better than peers.
As a mutual company, FM Global and its policyholders/owners take pride in having highly protected risks. August, p.
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