Question: Identify the major general liability loss exposures of business firms
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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