What Is Self Insured Retention - Sirs are commonly used in commercial general liability, environmental liability, cyber liability, and other policies covering major loss exposures. Equally, the increase in bankruptcies will likely produce many debtors unable to pay their sir obligations. With an sir, the business takes on a portion of the risk for covered losses.
With an sir, the business takes on a portion of the risk for covered losses. Equally, the increase in bankruptcies will likely produce many debtors unable to pay their sir obligations. Sirs are commonly used in commercial general liability, environmental liability, cyber liability, and other policies covering major loss exposures.