Punitive damages

{
  "id": "MLC-T-INS-002763",
  "term": "Punitive damages",
  "field": "Insurance and risk management",
  "definition": "Monetary damages awarded by a court in addition to compensatory damages, intended to punish a defendant for egregious or malicious conduct and to deter similar behavior in the future. Insurance policies often exclude coverage for punitive damages, particularly when they are directly attributable to the insured's intentional wrongful acts. The insurability of punitive damages varies significantly by jurisdiction and the specific wording of the policy.",
  "url": "https://mlchart.com/terminology/insurance/punitive-damages/"
}