Insurance SIRs and Deductibles: Impact on Satisfaction of SIRs, Policy Limits, Duty to Defend, and Additional Insureds
Advocating Coverage Positions From Perspectives of Insureds and Insurers in CGL, Professional Liability, and Property Damage Policies
A live 90-minute CLE video webinar with interactive Q&A
This CLE course will provide guidance to 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 the defense and/or coverage obligations of both insurers and policyholders.
Outline
- 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
Benefits
The panel will review these and other key issues:
- How do the distinctions between SIRs and deductibles impact limits and defense costs?
- 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?
Faculty
Robert Friedman
Principal
Friedman
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.
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Verne A. Pedro, Esq.
In-House Counsel
Axon Underwriting Services
Mr. Pedro joined Axon Underwriting in August 2023 as In-House Counsel. He has practiced law for over 20 years... | Read More
Mr. Pedro joined Axon Underwriting in August 2023 as In-House Counsel. He has practiced law for over 20 years focusing on a diverse insurance coverage counseling and litigation practice. Mr. Pedro's practice has encompassed a wide range of complex coverage matters, including commercial general liability, directors and officers, errors and omissions, cyber and data loss, professional liability, employment practices, and first-party property. Throughout his career, he has litigated construction accidents, transportation, subrogation, products liability, premises liability, copyright, and other civil litigation matters.
CloseEarly Discount (through 03/07/25)