What Does Prejudgment Interest Mean?

Free Business Insurance Quote Click Here
What does Prejudgment Interest mean? Read on to discover the definition & meaning of the term Prejudgment Interest - to help you better understand the language used in insurance policies.

Prejudgment Interest

Prejudgment Interest

Interest accruing on the amount of a legal award from the time of the injury or damage to the time the judgment is entered by the court. Prejudgment interest, when awarded as part of a judgment against the insured, is covered by the supplementary payments provision of standard general liability policies.

We hope the you have a better understanding of the meaning of Prejudgment Interest.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here