What Does Basket Retention Mean?

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What does Basket Retention mean? Read on to discover the definition & meaning of the term Basket Retention - to help you better understand the language used in insurance policies.

Basket Retention

Basket Retention

Used in connection with self-insurance. Excess liability insurance that attaches once retained losses for several lines of coverage (e.g., workers compensation and general liability) reach a certain specified level.

We hope the you have a better understanding of the meaning of Basket Retention.

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