Home > Glossary

Deductible Plan

Deductible Plan

Definition

A liability or workers compensation insurance rating plan under which an insured retains each loss up to the deductible amount and for which the insurer remains responsible for claim payment if the insured defaults. The insurer is also responsible for claims handling services. Also known as a filed deductible policy.

Related Products

Classification Cross Reference
Blueprint for Workers Comp
IRMI Workers Comp

Navigation

Social Media

User ID: Subscriber Status:Free