Home > Glossary

First Dollar Defense Coverage

Definition

A coverage 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. 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.

Related Products

Beacon Hill sidebar
CLI sidebar
AgriCon-Banner-(728x90) (002)

Navigation

Social Media

User ID: Subscriber Status:Free