The Swift Corporation has 5000 sales representatives and employees in the United States who drive company cars.
Question:
a. Explain the advantages and disadvantages of a partial retention program to the Swift Corporation.
b. Identify the factors that the Swift Corporation should consider before it adopts a partial retention program for physical damage losses to company cars.
c. If a partial retention program is adopted, what are the various methods the Swift Corporation can use to pay for physical damage losses to company cars?
d. Identify two risk-control measures that could be used in the company's partial retention program for physical damage losses.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
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