First Dollar Defense

First Dollar Defense & Your Business

An important business insurance product known as first dollar defence coverage is defined by the International Risk Management Institute (IRMI) as At ALIGNED, we believe it is our duty and responsibility to help others make informed decisions about how best to ensure and manage risk. Each and every day, our ALIGNED advocates work to educate and inform people about insurance, risk issues, trends and solutions.

“A coverage feature of some liability policies in which retentions do not apply to defence costs, even if no indemnity payments are made in conjunction with a claim. Thus, under a first dollar defence coverage policy, if an insurer were to expend $10,000 on the defence of a claim and nothing for indemnity, the insured would not be required to pay any out-of-pocket costs for defence.”1

Where first dollar defence coverage is available or offered, it should strongly be considered as it can help to significantly reduce the cost of a claim.

First dollar defence coverage is most commonly found in Commercial General Liability Insurance (CGL) and Directors and Officers Insurance (D&O). This coverage can also be negotiated into other types of liability coverages that ALIGNED Insurance can secure on your behalf as well.

Talk To Us First About First Dollar Defense 

An ALIGNED advocate can help you evaluate available insurance options and secure the best products, services and solutions for your business.

ALIGNED Across Canada   100% Canadian-owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours.

Source: 1 IRMI 

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