Monthly archives: April, 2012

Myth #4: Deductibles And Self-Insured Retentions Are The Same Thing

Lawyers and business people often use the terms self-insured retention (“SIR”) and deductible┬áinterchangeably, but there are important differences. When a policy has a deductible, the insurer is obligated to defend and indemnify on a first-dollar basis. The amount of the deductible is then reimbursed by the policyholder at the end of the claim. In contrast, …