Insurance Concept of the Week: Judgement Rates

Each week we will post and define an industry term or concept for our readers.

To conclude our discussion of rates, judgement rates are determined and applied to individual insureds by the insurance company. Judgement rates are used for commercial insurance. Each insured is evaluated on its own merits and chance of loss.

Check out all our posts on rates: 

1. What is a rate (link here)
2. Manual/class rates (link here)
3. Merit rates (link here)