APPROVED SIR Letter2023-2024.pdf

This document is a Self-Insured Retention (SIR) Practices letter from Clark Equipment Company, doing business as Doosan Bobcat North America, addressed to the Arizona Department of Transportation (ADOT) in Phoenix, Arizona. The letter details the company's self-insurance practices and its relationship with ADOT's Risk Management division, which has accepted the document on June 7, 2023.

The document outlines that Clark Equipment Company self-insures its general liability risks up to $4,000,000 on a per-occurrence basis, with specific exclusions for automobile liability, workers' compensation, and employers' liability risks. The company agrees to provide ADOT with additional insured status under an excess insurance policy and waives its rights of recovery for claims arising from its activities under ADOT permits or contracts. The company's self-insurance is designated as primary, and it commits to maintaining adequate liability reserves, with financial records available upon request.