Question: Advantages to using guaranteed cost coverage include: Advantages to using guaranteed cost coverage include: Budget certainty because they know how much the premium will be

Advantages to using guaranteed cost coverage include: Advantages to using guaranteed cost coverage include: Budget certainty because they know how much the premium will be and that is the extent of what they have to pay for that risk. Convenience since the business does not have to do anything other than pay premiums. All those listed are advantages of guaranteed cost coverage. Insurance premiums may be income-tax deductible as a business expense

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