ACCEPTED ANY_ALL SIR PROF LIAB 01.28.25-01.28.26.pdf

This document is a Self-Insured Retention (SIR) Practices letter dated 1/28/2025, issued by Olsson, Inc. to the State of Arizona and/or ADOT (Arizona Department of Transportation), specifically addressed to the ADOT Risk Management department in Phoenix, Arizona. The letter details the company's self-insurance practices and coverage for operations within Arizona.

Olsson, Inc. utilizes a self-insurance mechanism as an alternative to third-party insurance, with specific self-insured retention levels for different liability types. The company maintains professional liability coverage up to $750,000 per occurrence and agrees to waive subrogation rights for claims related to ADOT permits, agreements, or contracts. The SIR letter provides comprehensive coverage details, including automobile and general liability, and confirms that the company maintains adequate financial resources to meet self-insuring obligations. The document is valid for one year from its creation date and requires annual renewal.