Businessowners Flashcards
1
Q
What is it defined as when an employee is provided with medical insurance coverage and workers compensation coverage?
A
24 Hour Coverage
2
Q
What is experience modification factor?
A
A method of premium computation that relates an employers losses, payroll and premiums to the rating bureaus classifications of operations.
3
Q
Why would a business use a Reporting Form?
A
If the businesses inventory fluctuates regularly.
4
Q
What is a B.O.P.
A
Business Owners Policy
5
Q
What are some examples of Valuable Papers and Records?
A
Inscribed, printed or written documents, manuscripts, and records. The term does not mean money or securities.
6
Q
Businessowners liability coverage form will cover medical expenses inured and reported within how many years of the accident date.
A
1 year
