Self-Insured Retentions (Part 1): An Examination of the Uses and Problems (from FC&S Legal)

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Information about Self-Insured Retentions (Part 1): An Examination of the Uses and...
News & Politics

Published on March 3, 2014

Author: NationalUnderwriter

Source: slideshare.net

Description

This article focuses on (1) the definition of the SIR, in general terms, as used with reference to liability insurance; (2) its common uses; (3) how this concept generally differs in definition and application from a deductible; (4) how the SIR compares to the retained limit commonly used with commercial umbrella liability policies; (5) problem areas associated with its use; and (6) some suggestions to avoid or reduce some of its problems.

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