Home > Glossary

Exposure Base

Exposure Base


Exposure Base — the basis to which rates are applied to determine premium. Exposures may be measured by payroll (as in workers compensation or general liability), receipts, sales, square footage, area, or man-hours (for general liability), per unit (as in automobile), or per $1,000 of value (as in property insurance).

Related Products

User ID: Subscriber Status:Free