first dollar defense coverage
First dollar defense coverage is a feature of some liability policies in which retentions do not apply to defense costs, even if no indemnity payments are made in conjunction with a claim.
first dollar defense coverage
First dollar defense coverage is a feature of some liability policies in which retentions do not apply to defense costs, even if no indemnity payments are made in conjunction with a claim.
Additional Information
Thus, if an insurer were to expend $10,000 on defense of a claim and nothing for indemnity, the insured would not be required to pay any out-of-pocket costs for defense.
