Question: Gencon Contracting is considering a commercial package policy (CPP) to insure its exposures. Their insurer, Cavalier Commercial Insurance, recommends a CPP and outlines the advantages.

Gencon Contracting is considering a commercial package policy (CPP) to insure its exposures. Their insurer, Cavalier Commercial Insurance, recommends a CPP and outlines the advantages. These advantages include all of the following EXCEPT: (Search Chapter 1) a. Gencon will have the convenience of a single policy. b. Cavalier will likely save on its expenses and will pass these savings on to Gencon in the form of a package discount. c. The policy will have fewer gaps in coverage. d. Cavalier will be able to issue the policy on a single and simple form, which will provide coverage tailored to Gencon's needs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

121. A business that is unable to purchase Workers' Compensation insurance through the standard market may obtain it from which of the following sources? A. the FAIR Plan OB. the surplus lines market...

Q3.Short-term financing i n smartselectimage PlS open \fBillabong (BBG.AX) Analysis By Dr Jennifer Harrison Source: Bloomberg, as cited in Greenblat, E. 2013, 'Billabong adrift without chief...

26. GenCon Builders is using guaranteed cost insurance for workers' compensation, commercial general liability, and auto liability. The rates used to derive the premiums will therefore be based on a....

Gencon Contracting is the general contractor on a large construction project that will involve numerous subcontractors. The subcontractors are concerned about payment for materials and labor they...

2. Gencon Contracting, owned by Gerry Carlson, has a business auto policy. All of the following losses are covered under Gencon's policy EXCEPT: a. Gerry's foreman leaves the construction site in his...

31. Gencon Contracting is building a hospital for project owner Nightingale Hospitals Inc. Direct property losses on this project include all of the following EXCEPT Oa.damage to the steel beams that...

Gencon Contracting has a blanket contractors equipment policy. If Gencon acquires some new equipment, what kind of coverage is probably provided on this equipment? (Search Chapter 9) a. No coverage...

Gencon Contracting buys a professional liability policy with a policy period of January 1, 2019 to January 1, 2020. When the policy expires, Gencon buys a one year extended reporting period. A...

A force and a couple are applied to a beam. (a) Replace this system with a single force F applied at point G, and determine the distance d. (b) Solve part a assuming that the directions of the two...

1. Select a country with a stable population and one with a rapidly growing population. Contrast the marketing implications of these two situations. 2. Pick a country and show how employment and...

1. On April 5, purchased merchandise from Concord Company for $24,900 on account, terms 3/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $870 on merchandise purchased from...

They are in his car, said the room attendant. I saw him take the two desk lamps out of his suite and put them in his van. He didnt see me. Im in a nearby guest room and immediately called you. The...

Imagine you are advising the government of a small developing country. The country is ruled by a leader who has been elected, but is beginning to show authoritarian tendencies: the press is being...

Prepare a chart of accounts as required and journalize the following transactions and post to the general ledger. (note: general ledger here can be expressed as a T account) TRANSACTIONS On March 1...

Critically evaluate a range of marketing tools, techniques, and principles that can be deployed to support new businesses such as food companies in Dubai, organizational strategy, exploration of...

Find a company's financial statements, using the EDGAR database. Use Excel to create an applicable supporting schedule and financial statement(s) that would provide an example of the application of...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

2. See things from the other persons perspective (1 is oriented towards an inner source of inspiration, while 2 is oriented towards an outer source of motivation). d. Reflection style: When I really...

2. What do the others in the network want to achieve?

1. What do I want to achieve?