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Branton Manufacturing purchased an aggregate excess liability policy to provide coverage above its self-insured workers compensation plan. The policy has a policy period of one
Branton Manufacturing purchased an aggregate excess liability policy to provide coverage above its self-insured workers compensation plan. The policy has a policy period of one year, an aggregate retention of $250,000 and a $1 million limit of liability. During the policy period, Branton Manufacturing experienced 6 claims totaling $605,000. The individual claim amounts were as follows: $15,000 $75,000 $30,000 $275,000 $60,000 and $150.000. How much will the excess insurer pay? Available answer options Select only one option A $275,000 B $225,000 C $25,000 D $355,000
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