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Sophisticated insureds looking for ways to reduce their insurance premiums often elect to purchase liability insurance that is subject to a deductible or self-insured retention. Typically, liability policies that contain deductibles still include language granting insurance companies the exclusive rights to control the defense, investigation, and settlement of claims and suits, and to seek reimbursement from named insureds of those amounts that fall within the policies’ deductibles.

A typical deductible provision provides:

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