Common use of Self-Insured Retention and Deductibles Clause in Contracts

Self-Insured Retention and Deductibles. Consultant’s insurance policies shall not be subject to a self- insured retention or deductible exceeding $10,000, if the value of this Agreement is less than $1,000,000, and not be subject to a self-insured retention or deductible exceeding $100,000, if this Agreement is $1,000,000 or more, unless approved by the Owner’s Chief Executive Officer. The above deductible limits may be exceeded if the Consultant’s insurer is required to pay claims from the first dollar at 100% of the claim value without any requirement that Consultant pay the deductible prior to its insurer’s payment of the claim.