MLchartDataset catalogue

Defense within limits

Term · Insurance and risk management · MLC-T-INS-001102

A provision in a liability insurance policy where the costs of defending a claim, such as legal fees and investigation expenses, are included within the overall policy limit. These defense costs reduce the amount available to pay for judgments or settlements. This contrasts with policies where defense costs are paid in addition to the policy limits.

Table 1. Record
IdentifierMLC-T-INS-001102
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001102",
  "term": "Defense within limits",
  "field": "Insurance and risk management",
  "definition": "A provision in a liability insurance policy where the costs of defending a claim, such as legal fees and investigation expenses, are included within the overall policy limit. These defense costs reduce the amount available to pay for judgments or settlements. This contrasts with policies where defense costs are paid in addition to the policy limits.",
  "url": "https://mlchart.com/terminology/insurance/defense-within-limits/"
}

Record 915 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.