What Does A Retention Mean on an Insurance Policy? скачать в хорошем качестве

What Does A Retention Mean on an Insurance Policy?

Retention and Deductible are sometimes used interchangeably on insurance policies and while they both represent the insured's contribution to claim payment, they have different meanings. In this video, we discuss what does retention means, what is deductible, self-insured retentions, and more in D&O, EPLI, Cyber, E&O, General Liability, and Workers Compensation policies. Have other questions on business insurance, claim settlement provisions, and other nuances? Give me a call or drop me an email, I'd love to hear from you! 👦 Gordon Coyle is the CEO of The Coyle Group, a New York-based insurance brokerage and risk consulting firm, operating across the country, focused exclusively on the business insurance market. 🏡To learn more about The Coyle Group, please visit: http://www.thecoylegroup.com We are located at 30 South Main Street, New City, NY 10956 845-634-3606 ☎To contact Gordon please call: 845-474-2924 📫 and his email is gbcoyle@thecoylegroup.com 🎬 Be sure to subscribe to this YouTube Channel to get more insurance and risk management information!    / @thecoylegroupny