Sue and Labor Clause
A stipulation in a policy that the insured will take all necessary means to save property from further loss and recover damages from others who might have caused the loss. Under the terms of this clause, the insurance carrier agrees to pay all costs even if they exceed the limit of the policy.
Looking to learn more?
At The Insurance Center, we want to empower you with knowledge about insurance. Check out our glossary for a listing of important insurance terminology to help you get started.