Supplementary payments

{
  "id": "MLC-T-INS-003245",
  "term": "Supplementary payments",
  "field": "Insurance and risk management",
  "definition": "Additional payments made by an insurer under a liability policy that are separate from and in addition to the policy's stated liability limits. These payments typically cover expenses such as defense costs, bail bonds, appeal bonds, and loss of earnings for attending hearings or trials. They are designed to cover costs associated with defending a claim, even if the claim itself exceeds the policy limit.",
  "url": "https://mlchart.com/terminology/insurance/supplementary-payments/"
}