Insurance
Sep. 26, 2017
Questions of satisfying ‘self-insured retention’ keep coming up
Many liability policies require the satisfaction of a designated dollar amount, usually described as a “self-insured retention,” or SIR, before the insurer’s duties under its policy are triggered.
INSURANCE INSIGHTS
Many liability policies require the satisfaction of a designated dollar amount, usually described as a “self-insured retention,” or SIR, before the insurer’s duties under its policy are triggered. Some SIRs apply to both the insurer’s duty to defend and its duty to indemnify. However, other SIRs apply only to the duty to indemnify, and in no way limit or delay an insurer’s i...
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