What is Premium Adjustment Clause | Insurance glossary by upcover

The Premium Adjustment Clause lets insurers recalculate premiums when a policyholder’s exposure varies—such as higher annual revenue or staff growth. Adjustments ensure the premium matches actual risk. For instance, if a contractor’s turnover doubles mid-year, an additional premium may apply. Likewise, reduced activity might trigger a refund.

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Related Term

Sum Insured (Strata)

Market Value Cover (Strata)

Replacement Cost Cover (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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