The term that describes the restoration of the insured person to the financial position that he or she was in before the loss occurred is called indemnity. This allows protection to the insurer in case of loss and damage and will protect against any legal quandry that may occur.
Answer:
E-mail
Explanation:
Text messages, instant messages, and social networking are all generally considered as informal methods of communication which are used to communicate informal information, such as a the change in a meeting time if schedules have been adjusted during a factory tour.
Secondly such informal means of communication might not be ideal for use to a colleague in another office as the relationship would not be very personal but official.
Since Caroline needs information from a coworker in another office about an upcoming salespromotion, she is better off sending her request via e-mail
Answer:
$100,000
Explanation:
A triple indemnity clause attached to a life insurance policy should pay in case of accidental death three times the amount of the policy. But in order for this clause to be effective, the insured must not have any responsibility in the accident.
In this case, since the accident was caused by the insured, the triple indemnity clause doesn't apply, so the regular amount ($100,000) has to be paid to the beneficiary.
Explanation:
1. If the salary paid by both companies were same people would prefer to work at Realsafe since it more safer. But not too safe provides a higher pay which makes people accept the higher risk over there.
2.The for a worker at Realsafe is 1/10000, while at not to safe it’s 2/10000. The premium associated with that risk Is the $500/year from not to safe.
3. Value of statistical life
= 1*$500 / 1/10000
= 5,000,000.
4. If the value of statistical life is constant across all the population it’s acceptable and valid.
