A contractor's general liability insurance policy has aggregate limits of $1,000,000 and per-occurrence limits of $300,000. After two claims totaling $500,000, what coverage remains for the policy period?
Correct Answer
C) $300,000 per occurrence, $500,000 aggregate
Per-occurrence limit remains $300,000, but aggregate is reduced by paid claims: $1,000,000 - $500,000 = $500,000 remaining aggregate.
Why This Is the Correct Answer
Per-occurrence limit remains $300,000, but aggregate is reduced by paid claims: $1,000,000 - $500,000 = $500,000 remaining aggregate.
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A contractor is building a residential foundation in Alabama clay soil. The soil report indicates expansive clay with a plasticity index of 35. What is the minimum recommended foundation depth?