Liability And Workmens Compensation Insurance On the Reciprocal Or Inter Insura
Liability And Workmens Compensation Insurance On the Reciprocal Or Inter Insura
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In our eReader you can find the full English version of the book. Read Liability And Workmens Compensation Insurance On the Reciprocal Or Inter Insura Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Liability And Workmens Compensation Insurance On the Reciprocal Or Inter Insura
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In that event any subscriber who thinks that his liabilities to his workmen are covered by his insurance will find instead that his rights as an insured are approximately offset by his liabilities as an insurer. To illustrate: Suppose that A, B and C associate for reciprocal insurance, paying into the treasury of the association each year premiums sufficient only to cover the payments of compensation to their injured workmen falling due within that year: At the end of ten years it may be that A... will be liable for 10 compensation payments to become due in the future for past acci- dents to his employees aggregating $20, 000, that B will be similarly liable for $17, 000 and that C will be similarly liable for $15, 000. Suppose that they then dissolve their association; — C will be entitled to no indemnity from A or B, but will have to suffer his loss of $15, 000 unindemnified, besides which he will owe something to A and B. And A and B will each have an unindemnified loss of $17, 000 or over to suffer.
What to read after Liability And Workmens Compensation Insurance On the Reciprocal Or Inter Insura?
You can find similar books in the "Read Also" column, or choose other free books by P Tecumseh Philemon Tecumseh Sherman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In that event any subscriber who thinks that his liabilities to his workmen are covered by his insurance will find instead that his rights as an insured are approximately offset by his liabilities as an insurer. To illustrate: Suppose that A, B and C associate for reciprocal insurance, paying into the treasury of the association each year premiums sufficient only to cover the payments of compensation to their injured workmen falling due within that year: At the end of ten years it may be that A... will be liable for 10 compensation payments to become due in the future for past acci- dents to his employees aggregating $20, 000, that B will be similarly liable for $17, 000 and that C will be similarly liable for $15, 000. Suppose that they then dissolve their association; — C will be entitled to no indemnity from A or B, but will have to suffer his loss of $15, 000 unindemnified, besides which he will owe something to A and B. And A and B will each have an unindemnified loss of $17, 000 or over to suffer.
What to read after Liability And Workmens Compensation Insurance On the Reciprocal Or Inter Insura?
You can find similar books in the "Read Also" column, or choose other free books by P Tecumseh Philemon Tecumseh Sherman to read onlineMoreLess
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