master policy
In property and liability coverage, a master policy is the combining of several locations or operations under a single policy for the same insured or insureds.
master policy
In property and liability coverage, a master policy is the combining of several locations or operations under a single policy for the same insured or insureds.
Additional Information
The term may also be used in the case of construction wrap-ups. In either case, underlying policies or certificates of insurance are issued to insureds under the policy as evidence of coverage under the master policy.
