A lawnmower manufacturer has the following loss distribution and its annual products liability costs. Assume all loading and other expenses are all equal to zero. What is the premium for a policy that has a no deductibles but has $700,000 policy limit?

A lawnmower manufacturer has the following loss distribution and its annual products liability costs. Assume all loading and other expenses are all equal to zero. What is the premium for a policy that has a no deductibles but has $700,000 policy limit? $3,100.00 $2,400.00 $1,900.00 $2,900.00 $1,300.00