You are the newly appointed Underwriting Manager for a prospective new insurer, XY plc. XY plc is considering underwriting the following three classes of business:

 • Standard home insurance risks. 

• Large commercial combined risks.

 • Specialist small construction liability risks. You are researching the market for all three classes of business. 

(a) Identify, with justification, the most appropriate distribution method for each of these three classes of business. 

(b) Explain, with justification, why XY plc's expenses may vary significantly between each of these three classes of business. 

(c) Explain, with justification, how the coverage considerations may vary between each of these three classes of business.