What is a hammer clause and why does it matter?
If you've been looking over an insurance policy recently and started wondering what is a hammer clause, you've likely stumbled upon one of the most frustrating parts of professional liability coverage. It's a provision that essentially gives your insurance company the power to force your hand during a settlement. While it might sound like just another piece of legal jargon, it has real-world consequences for your bank account and your reputation if you ever find yourself in a lawsuit. ...