The Hidden Risks of “Per-Occurrence” Self-Insured Retentions in CGL Coverage

General and products liability policies are a cornerstone of risk management for businesses, providing protection against alleged liability because of bodily injury, property damage, and personal or advertising injury claims. These policies are often paired with self-insured retentions (SIRs). Although some policies with SIRs may provide “first dollar” coverage, particularly for defense costs, an SIR typically represents the amount of covered loss a company agrees to pay out of pocket before the…
By: Pillsbury – Policyholder Pulse blog