Insurance Requirements Language

October 12, 2012 shakespeare

Myth #5: Certificates Of Insurance Add Additional Insureds

There has been so much going on lately that I have not had a chance to get back to my installment series, “Top 10 Commercial Insurance Myths & Misconceptions”.  To recap, we have covered #1-4: 1.  Your Business Is “Fully Covered”. 2.  Policy Forms Are ...

April 11, 2012 Mini Me

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 interchangeably, 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 ...