Identify the major general liability loss exposures of business firms.
Answer to relevant QuestionsExplain the difference between an occurrence policy and a claims-made policy.a. Identify the major coverages in the business auto coverage form.b. Describe the major characteristics of the garage coverage form.Kathy owns a large retail electrical store that sells light fixtures, lamps, and electrical equipment. The firm is not insured for employee theft. A risk management consultant recommended adding an ISO commercial crime ...Identify the major exclusions in the commercial crime coverage form (loss-sustained form).Based on the following information, determine the policyholders’ surplus for XYZ Insurance Company:Total invested assets ....... $50,000,000Loss reserves ............ 40,000,000Total liabilities ...
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