Plic Sbd - Insurance

One of the most dangerous misunderstandings in PLIC SBD insurance involves how the deductible or retention applies.

Treat the SBD as a fixed operational cost. If the policy has a $10,000 SBD, set aside $10,000 in a separate, interest-bearing account. Do not touch it for inventory or payroll. This fund becomes the immediate responder for any BI claim below the SBD. plic sbd insurance