If it Quacks Like a Duck…Ontario’s Newest Views on Self-Insured Retentions and Deductibles

Self-insured retentions (“SIRs”) and deductibles are often confused with one another.  In a recent decision, Henry v. Thyssenkrupp Elevator (Canada) Limited, the Ontario Superior Court of Justice found that an SIR is similar and functionally related to a deductible.  Although the policy in question was subject to an SIR, the Court treated it like a deductible.  This case may prove helpful to Canadian policyholders seeking additional insured coverage.
To view the full case alert, please click here.

Jul 09, 2018
Stella Szantova Giordano