What is the total amount of losses

Assignment Help Business Management

Reference no: EM1368202

State the amount of losses you paid during the policy year.

Your firm has an insurance policy with a per occurrence deductible of $100,000 and a stop loss of $500,000. Assume that the following covered losses occurred during the policy period: $ 25,000; $250,000; $100,000; $500,000; $750,000; $150,000; $50,000. Make a table that shows the amount of each claim to be paid by you and the insurer for this policy period assuming the claims were paid in the order above. What is the total amount of losses you paid during the policy period?

Reference no: EM1368202

Questions Cloud

Disadvantages of doing business as a partnership : Business Organizations - Describe the advantages and disadvantages of doing business as a sole proprietor

Employee training : What is the most influential factor, positive or negative, that affects training and how does this factor influence training? Provide examples. As a trainer, how would you support or combat this influence?

Us current account surplus : Determine which of the following transactions would contribute to a United State current account surplus and why? Make sure that you justify, in every case, explain why the transaction would or would not contribute to a current account surplus.

Role of the pos system in forecasting at hard rock : What is the role of the POS system in forecasting at Hard Rock and name several variables that would be good predictors of daily sales. How could this information be gathered and used at each cafe?

What is the total amount of losses : State the amount of losses you paid during the policy year - What is the total amount of losses you paid during the policy period?

Us international trade commission question : It has been estimated through the United State International Trade Commission that the Japanese automobile import restrictions during the 1980s

Neuro-immunology or diagnostic radiology : There were plenty of books detailing the finer points of Neuro-Immunology or Diagnostic Radiology, for illustration, but precious few looking at the big picture

National economy affect your business : How does the local, state, or national economy affect your business or place of work? Are there businesses that are relatively recession

Question about negotiations : How do you reconcile the linguistics issues with an online course? Why is linguistics considered an integral part of negotiations?

User Account

All Pages