![]() The amount of commercial property insurance must match the replacement cost of all structures, equipment, and inventory. The minimum of general liability insurance shall be $15 million. The minimum amount of D&O insurance shall be $4 million. The corporate umbrella policy will cover all losses exceeding $100,000.Ĭaptive insurance companies may only provide a maximum of 10% of the company's insurance needs. ![]() The company may only acquire insurance from an organization with an A.M. The following is an example of a risk management policy: Limits on the use of captive insurance companies The minimum credit rating of insurance providers Limits on the amount of self-insurance that will be allowed without reinsurance Limits on the financial guarantees that will be provided to third parties ![]() Limits on the amount of financial risk that will be assumed Doing so can effectively reduce the amount of risk to which the entity is exposed, thereby cutting the size and severity of certain expenditures. Risk management policies set boundaries for the operations of an organization.
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