Question

The Association's obligation for the payments of claims is $300,000 per occurrence under all of the following policies, EXCEPT:A. Commercial general liability

- B. Commercial property
- C. Commercial auto
- D. Workers' compensation

Answer 1

The Workers' compensation policy does not have the $300,000 per occurrence payment obligation like the others listed. This policy covers employment-related injuries and illnesses, with varying coverage limits.

Step-by-step explanation:

The Association's obligation for the payments of claims is $300,000 per occurrence under a variety of insurance policies. However, one type of policy typically differs in terms of the obligations for claim payments. The types of policies that usually have this obligation include:

• Commercial general liability
• Commercial property
• Commercial auto

The exception to these policies is:

• Workers' compensation

The question asks which policy does not have a $300,000 per occurrence payment obligation. The answer is Workers' compensation. This type of policy handles payments for injuries or illnesses that occur as a result of employment, and its coverage limits can differ significantly from those in general liability, property, or auto policies.