defense costs
Lawsuit protection spending
Defense costs are the expenses incurred in responding to legal claims or litigation—attorney fees, court costs, expert witnesses, and related expenditures.
In insurance, whether defense costs count against policy limits matters greatly: The policy covers defense costs in addition to the liability limit.
The term appears in contracts, insurance policies, and corporate accounting.
- attorney feesPayment for legal services
- legal feesPayment for counsel
- internal investigationsInquiries an organization conducts on itself
- retainerUpfront professional fee
- billable hoursWork hours invoiced to clients
hourly rate · liability waivers · policy premiums · invoice · suit · liability limits · insurance claim · bill · fee · file · document · contract · cash · receipt · check · briefcase · deductible · out of pocket
- D&O Insurancecorporate officers, board members, board member, corporate executives, executive protection
- court feescourt fees, filing fees, surcharges, assessments
- indemnityhold harmless, reimbursement, exoneration, reparation, redress
- liability clausesliability waiver, hold harmless, indemnification, indemnity, limitation
- liability insuranceliability insurance, liability coverage, general liability, personal liability, professional liability
defense, costs, defence, defend, defender, defenders, defensive, defensively, defensible