What Does Legal Hazard Mean?

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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

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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