What does Retaliatory Suits mean? Read on to discover the definition & meaning of the term Retaliatory Suits - to help you better understand the language used in insurance policies.
Claims against professionals, filed by their clients, that allege negligence. Retaliatory suits are normally in response to the professional's attempt to collect fees for services performed. Retaliatory suits are typically covered by all forms of professional liability insurance.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
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