Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Byrd Company reimburses its employees who use their personally owned cars on company business on a mileage basis. However, employees who do a lot of
Byrd Company reimburses its employees who use their personally owned cars on company business on a mileage basis. However, employees who do a lot of business driving in all kinds of weather are concerned about the possibility of a large lawsuit if they are involved in an accident while on business. Byrd is weighing the advantages and disadvantages of adding the "employees as insureds" endorsement to its business auto policy. Which one of the following is not an advantage?
Search Chapter
a Better cooperation likely between the employee's insurer and Byrds insurer in settling an accident claim
b Change in Byrds business auto policy premium
c Effect on employeremployee relations
d Reduced likelihood of subrogation by Byrds insurer against an employee who causes an accident
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