For a self-insured employer, the coverage for amounts of the single occurrence retention limit is called what?

The coverage for amounts of the single occurrence retention limit for a self-insured employer is referred to as Specific Excess Coverage. This type of coverage provides protection for losses that exceed the retention limit, allowing the employer to manage financial risks associated with significant individual claims.

Specific Excess Coverage is particularly important for self-insured employers because it helps mitigate the financial burden of large claims while maintaining self-insurance for smaller, everyday occurrences. By offering a layer of coverage that kicks in only after a specific threshold is reached, it enables self-insured employers to handle unpredictable losses more effectively.

In contrast, General Liability Coverage typically pertains to broader liability risks and is not focused on the retention limits specific to self-insured employers. Excess Liability Coverage generally provides an additional layer of insurance above a primary policy but does not specifically address retention limits within a self-insured framework. Aggregate Limit Coverage usually deals with a maximum limit for claims over a certain period rather than focusing on single occurrences, making it less relevant in this context.