A feature of insurance that has $0 deductible or $0 retention applicable towards defense costs even if there aren’t any indemnity costs on a claim. (Note: there may still be applicable deductibles/retentions on indemnity costs/payments). Example: on a policy with “first dollar defense” if an insurer spends $100,000 defending a claim that results in no indemnity payments, the insured would not be required to pay any out of pocket costs for defense. Embroker’s digital products are NOT First Dollar Defense policies.
Customize a program of policies to fit your unique business needs.
Save time with Embroker’s single-destination solution.
More Resources for Your Company
First-dollar defense is just one element of any policy. Check out these other resources available to navigate the insurance process. Whether you’re a startup or proven tech company, these deep dives and data analyses can help you understand insurance and your industry in new ways.
Related Articles
How to Conduct a Law Firm Risk Assessment
6 min read“Taking risks doesn’t mean shirking responsibility, but embracing possibilities.” – Vick Hope Especially if that responsibility is conducting a law firm risk assessment. Leave it to an author and journalist to have a way with words, right? While applicable to anyone’s professional or personal life, we think this quote rings especially true for attorneys and […]
How to Develop a Cybersecurity Policy for Law Firms
5 min readIf you’re a managing partner or an operations manager at a law firm, there’s so much on your to-do list. So, while you’re at it, can you develop a cybersecurity policy for law firms? Between HR responsibilities, business owner duties, the actual functions of being an attorney, you’re also in charge of keeping your firm’s […]