Statutory Insurance
/ˈstætjʊtəri ɪnˈʃʊərəns/
Definitions
- (n.) Insurance coverage mandated by legislation or government regulation to protect against specified risks.
Employers are required to provide statutory insurance to cover workplace injuries.
Forms
- statutory insurance
Related terms
See also
Commentary
Statutory insurance typically imposes minimum insurance requirements by law, distinct from voluntary or private insurance agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.