Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

Problem: Jane's Jewellery Shop has Commercial General Liability (CGL) policy with the following limits: General Aggregate Limit Products-Completed Operations Aggregate Each Occurrence Limit Personal and Advertising damage Limit Fire Damage Limit Medical expenditure Limit what dollar amount, when any, will Jane's CGL insurer pay for each of the following losses that occurred throughout the same policy period? (Suppose the losses were paid in the order presented below.) If a loss is not covered or not completely covered describe why.

a. John a customer slipped on recently waxed floors in the Jane's shop and suffered severe back damage. John successfully sued Jane's Jewellery Shop for negligence and was awarded damages of $250,000.

b. When one of Jane's employees accidentally dropped the heavy box on the glass display case in Jane's shop, the glass broke, causing glass to fly everywhere. Helen, one of Jane's customers, was everlastingly blinded in one eye by flying glass and sued Jane's Jewellery Shop. The court awarded Helen $500,000 in injuries. Jane's employee was cut on the arm and had $500 in medical expenditures.

c. When Jane publicly accused Arthur, a customer, of shoplifting, Arthur proved to be innocent. But Arthur sued Jane for slander. Arthur was awarded $300,000 by court

$1,000,000

$1,000,000

$500,000

$500,000

$100,000

$5,000

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93893

Have any Question? 


Related Questions in Financial Accounting

1 what are the responsibilities of the risk manager in

1. What are the responsibilities of the risk manager in workers' compensation? 2. What role does employee safety play in risk management? 3. How does discrimiantion in the workplace impact managers / supervisors? 4. What ...

Assignmentusing the transactions listed below for audreys

Assignment Using the transactions listed below for Audrey's Ice Cream Parlor, prepare a statement of cash flows for the month of April 2012. Classify the transactions into appropriate categories (operating activities, in ...

Intermediate accounting assignmentpart 11 the receipt of

Intermediate Accounting Assignment Part 1 1) The receipt of interest on loans would be reported on a statement of cash flows under the: A) Financing B) operating activities C) investing activities D) Interest received on ...

The marketing concept holds that a customers who are coaxed

The marketing concept holds that ________. a. customers who are coaxed into buying a product will most likely buy it again b. a new product will not be successful unless it is priced, distributed, and sold properly c. co ...

Cindy and glenn are married taxpayers who file a joint

Cindy and Glenn are married taxpayers who file a joint return. Both Cindy and Glenn work. During 2014, they had three young children for whom they paid $10,000 of qualifying child care expenses. What is the maximum and m ...

Assignment reorganizations and consolidated tax

Assignment: Reorganizations and Consolidated Tax Returns Suppose you are a CPA, and you have a corporate client that has been operating for several years. The company is considering expansion through reorganizations. The ...

1 discuss your understanding of how distributive justice

1. Discuss your understanding of how distributive justice affects a healthcare organization. 2. In NO MORE than 3 sentences, explain how the restaurant industry innovates without any serious government support. 3. What a ...

Choose one of the following two assignments to complete

Choose one of the following two assignments to complete this week. Do not do both assignments. Identify your assignment choice in the title of your submission. Option #1: Income Statement, Retained Earnings, and Balance ...

Which survey method mail telephone or personal interview

Which survey method (mail, telephone, or personal interview) would you use for the following situations? Explain your choice. Situation 1 Administration of a questionnaire by a local auto dealership that wishes to find o ...

Assignmentan economist was interested in modeling the

Assignment An economist was interested in modeling the relationship among annual income, level of education, and work experience. The level of education is the number of years of education beyond eighth grade, so 1 repre ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro