MLchartDataset catalogue

First dollar defense coverage

Term · Insurance and risk management · MLC-T-INS-001530

A provision in an insurance policy where the insurer pays for defense costs from the very first dollar, without the insured having to satisfy a deductible or self-insured retention. This means the insurer bears the initial financial burden of legal expenses. It is a common feature in many liability policies.

Table 1. Record
IdentifierMLC-T-INS-001530
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-001530",
  "term": "First dollar defense coverage",
  "field": "Insurance and risk management",
  "definition": "A provision in an insurance policy where the insurer pays for defense costs from the very first dollar, without the insured having to satisfy a deductible or self-insured retention. This means the insurer bears the initial financial burden of legal expenses. It is a common feature in many liability policies.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/first-dollar-defense-coverage/"
}

Record 1,386 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.