What Does Legal Hazard Mean?
What does Legal Hazard mean? Read on to discover the definition & meaning of the term Legal Hazard - to help you better understand the language used in insurance policies.
Legal Hazard
Increased likelihood that a loss will occur because of court actions. Characterized by a jury awarding larger-than-normal amounts because they think the at-fault party has "deep pockets."
We hope the you have a better understanding of the meaning of Legal Hazard.
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