An agency must record the valuation and basis for valuation of self-insured retained losses.
If your agency self-insures through insurance deductibles, you must value and record the financial impact in your financial reporting.
VMIA can assist you to estimate your self-retained exposure through an online data capture and estimate tool. This tool is recommended for agencies with deductibles exceeding $250,000.
If you require additional assistance please email firstname.lastname@example.org or phone (03) 9270 6900.