Never-die battery manufactures batteries

Assignment Help Finance Basics
Reference no: EM131046866

Never-Die Battery manufactures batteries for industrial and consumer use. The company purchased a commercial package policy (CPP) to cover its property exposures. In addition to common policy conditions and declarations, the policy contains a building and personal property coverage form and an equipment breakdown protection coverage form. The policy also contains the causes-of-loss broad form. With respect to each of the following losses, indicate whether or not the loss is covered.

a. An explosion occurred that damaged the building where finished batteries are stored.

b. Because of the explosion, the company incurred expenses for expedited shipping of replacement parts for machines used to manufacture the batteries.

c. The explosion injured several employees who received emergency treatment at a local hospital. d. An automatic sprinkler system accidentally discharged in the finished goods building. Some recently manufactured batteries were ruined because of water damage and corrosion.

Reference no: EM131046866

Some money and securities from an unlocked safe

Michael owns a television repair shop that is insured under a commercial package policy. The policy includes the building and personal property coverage form and the causes-

Purchase to deal with this exposure

Fast Pizza hires college students who drive their own cars to deliver pizzas to customers. Fast Pizza is concerned that the company may be liable for damages caused by compa

Electrical contractor that employs 10 electricians

Electrical Services is an electrical contractor that employs 10 electricians. Electrical Services faces numerous loss exposures. One general liability loss exposure arises o

Delivery service purchased a commercial umbrella

Delivery Service purchased a commercial umbrella policy with a $10 million liability limit and a $100,000 self-insured retention. The umbrella insurer required Delivery Serv

Surgeons and dentists professional liability policy

A surgeon is insured under a physicians, surgeons, and dentists professional liability policy. Explain whether the following situations are covered by the professional liabi

Richard owns several retail stores

Richard owns several retail stores. The employees are insured for employee theft under a commercial crime coverage form (loss-sustained form) with an insurance limit of $10,

Kathy owns a large retail electrical store

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 consulta

Compute the profit consequences of the decision

Describe a decision that you or your company made that involved opportunity costs that should have been considered. Why did your company make the decision? What should they

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd