« previous next »

Author Question: How does a surety bond differ from an insurance policy? What will be an ideal ... (Read 79 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jul 26, 2018
How does a surety bond differ from an insurance policy?
 
  What will be an ideal response?

Question 2

How are worker's compensation insurance premiums determined?
 
  What will be an ideal response?


bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 26, 2018
Answer to Question 1

An insurance policy is a two party-agreement in which the insurance company protects the insured from covered financial loss. A surety bond is a three-party agreement in which the surety guarantees the contractual performance of the purchased to a third party.

Answer to Question 2

Worker's compensation rates are determined based on the work classification of each employee as modified by the experience modification ratio or EMR. The EMR is based on the claims history of the construction company during the oldest three of the preceding four years.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

arivle123

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jul 26, 2018
TY


bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jul 26, 2018
You're welcome


« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

A double bond between two oxygen atoms A double bond between two oxygen atoms
Deserts differ across the world. (a) Acacia trees between a gravel plain and sand dunes in the Namib Deserts differ across the world. (a) Acacia trees between a gravel plain and sand dunes in the Namib
The crania, and especially the faces of KNM-ER 1813 and 1470, differ enough that some scientists inc The crania, and especially the faces of KNM-ER 1813 and 1470, differ enough that some scientists inc
Comparison of C-C bond cleavage in transketolase and transaldolase reactions Comparison of C-C bond cleavage in transketolase and transaldolase reactions
Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ... Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ...
If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas? If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas?
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library