Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

AIM Manufacturing ( 2 0 points ) AIM Manufacturing is a medium - sized firm manufacturing small electronics for the healthcare industry. Additionally, AIM Services,

AIM Manufacturing (20 points)
AIM Manufacturing is a medium-sized firm manufacturing small electronics for the healthcare industry. Additionally, AIM Services, and AIM Manufacturing wholly-owned subsidiary, employs a staff of technical trainers who travel to client healthcare sites to work with new users of AIM devices. AIM Services owns fifty devices used for training which are transported across the region, a fleet of SUVs used by the trainers, laptop computers, projectors and printers. Traveling with the trainers are technicians who can repair AIM equipment owned by clients, onsite in a specially equipped motor home. AIM Manufacturing is currently insured under a Commercial Package Policy that includes the BPP Form with a Causes of Loss - Basic Form and an Equipment Breakdown Insurance endorsement. AIM also carries Inland Marine Insurance. Additionally, AIM is protected by a $5 million CGL policy as well as a $10 million following form commercial umbrella liability policy.
How would coverage be provided for the laptop computers, projectors, and printers?
How would coverage be provided for the repair equipment installed in the specially equipped motorhome?
-What concerns would AIM Services have as the parent company of AIM Manufacturing?
-What is the maximum total liability loss AIM Manufacturing could sustain excess their 2% CGL and 1% umbrella policy deductible?
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Profit First For Lawn Care And Landscape Businesses

Authors: Christeen Era, Steven A Rigolosi, Mike Michalowicz

1st Edition

0578908158, 978-0578908151

More Books

Students also viewed these Finance questions