MLchartDataset catalogue

Defense-only coverage

Term · Insurance and risk management · MLC-T-INS-001103

An insurance policy provision or type of coverage that pays for legal defense costs incurred by the insured, but does not cover any judgments, settlements, or damages awarded against the insured. This type of coverage is common in certain professional liability or directors and officers (D&O) policies, where the cost of defending against claims can be substantial, even if the insured is ultimately found not liable.

Table 1. Record
IdentifierMLC-T-INS-001103
FieldInsurance and risk management
SubjectEmployment Practices Liability
Record as JSON 
{
  "id": "MLC-T-INS-001103",
  "term": "Defense-only coverage",
  "field": "Insurance and risk management",
  "definition": "An insurance policy provision or type of coverage that pays for legal defense costs incurred by the insured, but does not cover any judgments, settlements, or damages awarded against the insured. This type of coverage is common in certain professional liability or directors and officers (D&O) policies, where the cost of defending against claims can be substantial, even if the insured is ultimately found not liable.",
  "subject": "Employment Practices Liability",
  "url": "https://mlchart.com/terminology/insurance/defense-only-coverage/"
}

Record 911 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.