CIRA’s Deductible Estimation Calculator is an Excel-based tool designed to help members evaluate potential deductible (retention level) options and assess their financial impact. This easy-to-use spreadsheet provides a clear, data-driven approach to understanding how different deductible levels may influence costs and risk exposure.

Simply download the calculator, select your agency, adjust deductible (retention) levels, and receive an estimate tailored to your agency’s unique profile. The tool allows you to:

• Compare deductible options side by side
• Project potential cost savings and risk exposure
• Make informed decisions for budget planning and risk management

The estimates provided in this calculator are based on historical data and current pooling structures. While they offer a reasonable projection of how premiums may change based on different deductible (retention) levels, they are not final figures. Several factors influence the final premium, including:

• Member Pooling Dynamics – When other members adjust their deductibles, it can impact overall cost distribution, creating ripple effects in the pool. Your actual cost may differ based on collective member decisions.
• Market Conditions – Insurance pricing trends, claims experience, and other financial factors can influence final rates.
• Underwriting Adjustments – Individual risk factors, loss history, and pool-wide risk evaluations may result in adjustments.

For a more detailed review of your deductible options, reach out to a member of the CIRA Risk Control Team.

• Estimates are not provided for decreases in deductibles, as such changes are subject to underwriting review.
• Premium estimates are only generated for programs in which the agency is currently participating. If your agency is interested in joining a new coverage program or lowering its deductible, please contact the CIRA Risk Control Team for further guidance.