MLchartDataset catalogue

First dollar defense, umbrella

Term · Insurance and risk management · MLC-T-INS-001531

A feature in an umbrella liability policy where the insurer covers defense costs from the initial expense, without the insured needing to pay a deductible or self-insured retention. This applies when the umbrella policy drops down to cover a loss not covered by the underlying primary insurance. It provides immediate financial relief for legal defense.

Table 1. Record
IdentifierMLC-T-INS-001531
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-001531",
  "term": "First dollar defense, umbrella",
  "field": "Insurance and risk management",
  "definition": "A feature in an umbrella liability policy where the insurer covers defense costs from the initial expense, without the insured needing to pay a deductible or self-insured retention. This applies when the umbrella policy drops down to cover a loss not covered by the underlying primary insurance. It provides immediate financial relief for legal defense.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/first-dollar-defense-umbrella/"
}

Record 1,411 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.