Self-Insured Retentions and Deductibles: Key Coverage Issues
Balancing the Impact on Claims Settlement, Policy Limits; Obligations of Excess Insurers and Insolvent Insureds, Additional Insureds
Recording of a 90-minute CLE webinar with Q&A
This CLE course will guide insurance counsel on the primary differences between self-insured retentions (SIRs) and deductibles. The panel will outline how the application of these two distinct risk retention vehicles impacts defense and/or coverage obligations of both insurers and policyholders.
- Distinctions between SIRs/deductibles and impact on limits and defense costs
- Attachment of SIRs/deductibles
- Number of SIRs/deductibles and the potential for stacking
- Application of SIRs as "other insurance"
- Obligation to pay SIRs/deductibles; insureds vs. additional insureds
- Insolvent insured unable to satisfy SIRs
- Satisfaction of SIRs/deductibles through payments by other insurers
The panel will review these and other key questions:
- How do the distinctions between SIRs and deductibles impact limits, control of the defense, and settlement?
- Can a party other than the named insured satisfy the insured's deductible or SIR obligation?
- How do defense costs impact an insured's deductible or SIR obligation?
Christopher P. Ferragamo
Jackson & Campbell
Mr. Ferragamo represents insurance companies in complex coverage cases arising from toxic tort, environmental and... | Read More
Mr. Ferragamo represents insurance companies in complex coverage cases arising from toxic tort, environmental and construction defects matters. He also provides clients with coverage analysis and recommendations regarding primary, umbrella and excess general liability, pollution legal liability, and D&O liability policies. He has litigated cases in state and federal courts in many jurisdictions nationwide.Close
Mr. Friedman provides corporate insurance counseling to companies in Florida, the Caribbean, New York, and other... | Read More
Mr. Friedman provides corporate insurance counseling to companies in Florida, the Caribbean, New York, and other U.S. and foreign jurisdictions. He also advised the State of Florida on insurance policy issues. He writes extensively about insurance coverage for many publications, including National Underwriter, Business Insurance, Risk & Insurance, South Florida Business Journal, and Harvard Law Record.Close
Verne A. Pedro, Esq.
Mr. Pedro is an experienced managing attorney specializing in a range of complex insurance coverage matters, including... | Read More
Mr. Pedro is an experienced managing attorney specializing in a range of complex insurance coverage matters, including commercial general liability, directors and officers, errors and omissions, cyber and data loss, professional liability, employment practices, and property. He draws on 18 years of experience handling significant first- and third-party insurance coverage issues and helping clients make informed decisions about their insurance assets, policies, and risk transfer strategies.Close