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A contractor's workers compensation policy has a $500 deductible per claim. If there are 3 claims totaling $15,000 in medical costs, how much will the contractor pay out of pocket?

Correct Answer

D) $1,500

The contractor pays the deductible for each claim: 3 claims × $500 = $1,500 total out of pocket.

Answer Options
A
$1,000
B
$2,000
C
$500
D
$1,500

Why This Is the Correct Answer

The contractor pays the deductible for each claim: 3 claims × $500 = $1,500 total out of pocket.

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