What are Nuclear Verdicts?

Nuclear verdicts are exceptionally large jury awards that often exceed millions of dollars, reaching $10 million or more. These verdicts usually result from lawsuits where the damages granted significantly surpass the actual harm or loss. The frequency of such verdicts is increasing and can be financially crippling, particularly for small commercial businesses and property owners.

Small commercial enterprises and property owners are especially at risk from nuclear verdicts due to their typically inadequate insurance limits to cover these large awards. In contrast to larger corporations with the financial reserves to handle such expenses, these smaller entities may face bankruptcy or severe financial hardship. This situation highlights the importance of having sufficient insurance coverage and implementing proactive risk management strategies to reduce legal vulnerabilities. To safeguard against total financial ruin, small businesses and property owners should pursue higher coverage limits.

How do Nuclear Verdicts Affect Me?

Do you offer standalone excess liability?

Who do I report claims to?

What is completed operations coverage? How is it different from professional liability?