A building meeting certain standards of fire protection, which is therefore eligible for a reduced rate.
This is an American term to denote a risk where firm action has been taken to reduce the frequency and severity of a loss, such as sprinkler system and fire and smoke alarms. The term is reserved for the best quality risks which consequently enjoy a lower premium rating.
A building or other structure of superior construction, designed to be much less susceptible to loss than a standard building, as a result of a commitment to risk management.
A program for larger commercial properties meeting higher safety standards in order to obtain significantly lower premiums. Protection includes automatic sprinkler systems, better than average construction and occupancy.
Refers to Property risks which meet the standards required for lower rates. Risks of this type are usually protected by sprinklers and have better-than-average construction and occupancy. The term is most often used in connection with the factory mutuals, Factory Insurance Association, and the improved risk mutuals.
Are generally risks where some action has been taken to reduce the possibility and severity of loss. The construction of a functioning sprinkler system in a building is an example of such an action. HPR properties are better risks and therefore result in lower premium rates.