• A basket deductible is a basket deductible that is a single retained limit designed to fund losses from multiple risks. For example, property and general liability represent completely different risks of loss. The traditional (and still the most common) method of allocating these risks between retention (franchise) and transfer (insurance) is to separate the individual risks, where each risk is assessed separately without regard to the other. The deductible basket amount combines the risk profiles of each risk into a single deduction amount. In theory, because the risks are completely different, they tend to offset each other, requiring less funding. In other words, the whole is less than the sum of its parts.