Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3. Becky owns a small toy-manufacturing company with CGL with these limits: General aggregate limit: $2,000,000 Products-completed operations aggregate limit: $2,000,000 Each occurrence limit: $1,000,000
3. Becky owns a small toy-manufacturing company with CGL with these limits: General aggregate limit: $2,000,000 Products-completed operations aggregate limit: $2,000,000 Each occurrence limit: $1,000,000 Personal and advertising injury limit: $1,000,000 Damage to premises rented to you limit: S100,000 Medical expense limit: $5,000 Becky leases premises in a factory complex, where the toys are manufactured. One night, an employee tosses a cigarette into a trash can on his way out. A fire starts in the building and spreads to another building in the complex. The damage to the premises Becky leases is $100,000. The damage to the other building, where the fire caused an explosion, is $600,000. Apply the damages to the appropriate limits
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started