Example question 4 - Calc E-mod given CSLC

jmoore13jmoore13
in ISO.Rating

Hi! Is it a coincidence that the Basic Limit that we cap the loss at is 100k and the prem/ops + products Basic Limits Premium = 100k? I wasn't sure if those two things are unrelated (i.e., Basic limit is from the list of basic limits in the wiki, while the prem/ops + products Basic Limit Premium = 100k but not because of that). Thanks in advance!

Comments

  • adminadmin

    Yes, it is a coincidence that the annual basic limit premium for Premises/Operations ($75,000) and Products ($25,000) sum to $100,000 which is the same figure as the combined single limit per-occurrence for bodily injury and property damage (Prem/OPs + Products limit).

  • jmoore13jmoore13

    Thanks!!

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