MLchartDataset catalogue

Litigation risk insurance (LRI)

Term · Insurance and risk management · MLC-T-INS-002039

A specialized insurance product that protects against the financial risks associated with legal disputes. It covers legal costs, adverse judgments, or settlement payments arising from specific litigation. LRI is often used in commercial transactions, mergers and acquisitions, or to manage contingent liabilities from ongoing lawsuits.

Table 1. Record
IdentifierMLC-T-INS-002039
FieldInsurance and risk management
AbbreviationLRI
Record as JSON 
{
  "id": "MLC-T-INS-002039",
  "term": "Litigation risk insurance (LRI)",
  "field": "Insurance and risk management",
  "definition": "A specialized insurance product that protects against the financial risks associated with legal disputes. It covers legal costs, adverse judgments, or settlement payments arising from specific litigation. LRI is often used in commercial transactions, mergers and acquisitions, or to manage contingent liabilities from ongoing lawsuits.",
  "abbreviation": "LRI",
  "url": "https://mlchart.com/terminology/insurance/litigation-risk-insurance-lri/"
}

Record 1,992 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.