Catchword: hammer clause

Filed Under: English, Law, Jargon

Part of Speech: n.

Quotation: Many insurance policies have what is known as a “hammer” clause, meaning that the insurer can force the insured to accept a settlement of the claim, unless the insured is willing to forego coverage or accept reduced coverage. A “hammer” clause can be particularly problematic for publishers, who may wish to continue to fight a lawsuit based on First Amendment or other journalistic principles even when pure economics would dictate a settlement.

Article or Document Title:
“Online Publishing Risks Create Need for Libel Insurance” (URL)

Author:
Michael Rothberg

Article, Document, Publication, Web Site:
Online Journalism Review

Date of Publication:
Feb. 20, 2004

This catchword has yet to be researched.