Explain the difference between an occurrence policy and a claims-made policy.
Answer to relevant QuestionsDefine each of the following:a. Products liabilityb. Completed operations liabilityc. Contractual liabilityd. Contingent liabilityBriefly describe the following coverages that appear in an aircraft policy:a. Physical damage coverageb. Liability coverageVasquez Construction has been awarded a contract by a local school board to build a new public school and must provide a performance bond.a. With respect to the performance bond, identify the principal, surety, and ...An important policy provision is called termination as to any employee. Explain the meaning of this provision.What are the major categories of expenses for a life insurance company?
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