Company Z's CPP has a Products and Completed Operations aggregate limit of $100,000, with a $20,000 limit for each occurrence. Following an occurrence that results in $25,000 in damages, and second occurrence that results in $15,000, how much of the aggregate remains available for completed operations losses?

Question

Business

Danica Fritz

6 March, 02:57

Company Z's CPP has a Products and Completed Operations aggregate limit of $100,000, with a $20,000 limit for each occurrence. Following an occurrence that results in $25,000 in damages, and second occurrence that results in $15,000, how much of the aggregate remains available for completed operations losses?

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Answers (1)

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Lauryn Landry · Answer 1

65000$ remains available for complete operation losses.

Explanation:

$20,000 of the $25,000 loss is paid by the policy. The $15,000 loss is paid in full. Together these payments reduce the $100,000 aggregate limit to $65,000.

Calculation

100,0000-20,000-15,000 = 65,000 $.