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What would be the implications of entering very low amounts against the deductibles in the Contract Data?

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What would be the implications of entering very low amounts against the deductibles in the Contract Data?

asked Oct 11, 2012 in Risk and Insurance by BuiltIntelligence (870 points)  

1 Answer

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Best answer

Entering very low amounts or 'nil' against the deductibles (excess) will increase the insurance premiums. This is not in the best interests of the Employer.

answered Oct 11, 2012 by BuiltIntelligence (870 points)  
edited Nov 9, 2012 by Rob Glasspool