A contractor's workers' compensation policy has a $500 deductible per claim. An employee injury results in $8,750 in medical costs and lost wages. How much will the insurance company pay?
Correct Answer
B) $8,250
The insurance company pays the total claim minus the deductible: $8,750 - $500 = $8,250.
Why This Is the Correct Answer
The insurance company pays the total claim minus the deductible: $8,750 - $500 = $8,250.
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A subcontractor completes electrical work on a Louisiana private project on March 15th. The general contractor's work is completed on April 30th. By what date must the subcontractor file their lien claim?
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