One of the areas often overlooked, but vital to an insured, is the defense costs coverage a liability policy provides. As some insureds may be aware, there are two types of defense costs payments, those policies that pay “in addition” to the limits and those whose payments are “within” the policy limits.
Topics: Construction Project Risk, defense costs, Employment Practices, Fiduciary, General, Liability, Limit of Liability, Risk management, Risk Management Blog, Strategic Risk Management, Total Cost of Risk