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If a court of law finds that a defendant’s conduct was particularly harmful, reckless or intentional, it may award punitive damages to a plaintiff. These awards are in addition to compensatory damages. The team at U.S. E&O Brokers can provide additional information on punitive damages. Contact us to learn more. 

What Are Punitive Damages? 
Punitive damages are a court-ordered monetary award intended to punish a defendant whose conduct was egregious, malicious, wanton or grossly negligent. They are awarded to a plaintiff in addition to compensatory damages, which are designed to compensate the injured party for their losses (e.g., medical expenses).  

Punitive damages may also be called “exemplary damages” because the award can serve as an example of a potential consequence of this conduct. With the knowledge of this example, the defendant or other parties may be deterred from acting similarly. 

Contact Us for Additional Information 
U.S. E&O Brokers can provide additional details on punitive damages and how they may affect your business. Contact us for more information.