GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Self-insured Retention

Dollar amount specified in an insurance policy that must be paid by the insured before the insurance policy will respond to a loss; often used in lieu of deductible plans to retain higher levels of risk from general liability, product liability and professional liability exposures (stated coverage limits are paid in addition to the amount paid/retained by the insured).