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First Dollar Defense

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First Dollar Defense & Your Business

Need an insurance quote? Call us toll free at 1-866-287-0448 &/or visit our Get A Quote page.

At ALIGNED, we believe it is our duty and responsibility to help others make informed decisions about how best to insure and manage risk. Each and every day, our ALIGNED advocates work to educate and inform people about insurance, risk issues, trends and solutions.

An important business insurance product known as first dollar defense coverage is defined by the International Risk Management Institute (IRMI) as:

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

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

First dollar defense 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.

To learn more about ALIGNED, our commitment to providing insurance expertise and the best insurance products or solutions, talk to one of our advocates today. 

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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