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The Fashionable Male is a clothing design company. The Fashionable Male owns the building where they manufacture clothes and the building also has a sales floor. They have a CGL policy with the following limits: Each Occurrence Medical Expense Personal & Advertising Injury General Aggregate Products/Completed Operations Aggregate A fire occurred at the store and the following injuries and damages resulted: $585,000 $1,000,000 $1,185,000 $1,000,000 $5,000 1. Damage to The Fashionable Male's building - $600,000 2. A customer, Shannon, won a lawsuit for damages: $20,000 in medical expenses, $6,000 in damages to suits he's just purchased, $14,000 in lost wages, $5,000 in pain and suffering, and $135,000 in punitive damages. The Fashionable Male's defense costs were $15,000. 3. The owner of a neighboring building sued for damages and won: $200,000 in building damages, $50,000 in personal property damage, and $100,000 in lost income. The Fashionable Male's defense costs were $40,000. What is the total amount The Fashionable Male's CGL will pay for this loss? $450,000 $1,000,000 $2,000,000 $1,000,000

The Fashionable Male is a clothing design company. The Fashionable Male owns the building where they manufacture clothes and the building also has a sales floor. They have a CGL policy with the following limits: Each Occurrence Medical Expense Personal & Advertising Injury General Aggregate Products/Completed Operations Aggregate A fire occurred at the store and the following injuries and damages resulted: $585,000 $1,000,000 $1,185,000 $1,000,000 $5,000 1. Damage to The Fashionable Male's building - $600,000 2. A customer, Shannon, won a lawsuit for damages: $20,000 in medical expenses, $6,000 in damages to suits he's just purchased, $14,000 in lost wages, $5,000 in pain and suffering, and $135,000 in punitive damages. The Fashionable Male's defense costs were $15,000. 3. The owner of a neighboring building sued for damages and won: $200,000 in building damages, $50,000 in personal property damage, and $100,000 in lost income. The Fashionable Male's defense costs were $40,000. What is the total amount The Fashionable Male's CGL will pay for this loss? $450,000 $1,000,000 $2,000,000 $1,000,000

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The Fashionable Male is a clothing design company. The Fashionable Male owns the building where they manufacture clothes and the building also has a sales floor. They have a CGL policy with the following limits: Each Occurrence Medical Expense Personal & Advertising Injury General Aggregate Products/Completed Operations Aggregate A fire occurred at the store and the following injuries and damages resulted: $585,000 $1,000,000 $1,185,000 $1,000,000 $5,000 1. Damage to The Fashionable Male's building - $600,000 2. A customer, Shannon, won a lawsuit for damages: $20,000 in medical expenses, $6,000 in damages to suits he's just purchased, $14,000 in lost wages, $5,000 in pain and suffering, and $135,000 in punitive damages. The Fashionable Male's defense costs were $15,000. 3. The owner of a neighboring building sued for damages and won: $200,000 in building damages, $50,000 in personal property damage, and $100,000 in lost income. The Fashionable Male's defense costs were $40,000. What is the total amount The Fashionable Male's CGL will pay for this loss? $450,000 $1,000,000 $2,000,000 $1,000,000
Transcribed Image Text:The Fashionable Male is a clothing design company. The Fashionable Male owns the building where they manufacture clothes and the building also has a sales floor. They have a CGL policy with the following limits: Each Occurrence Medical Expense Personal & Advertising Injury General Aggregate Products/Completed Operations Aggregate A fire occurred at the store and the following injuries and damages resulted: $585,000 $1,000,000 $1,185,000 $1,000,000 $5,000 1. Damage to The Fashionable Male's building - $600,000 2. A customer, Shannon, won a lawsuit for damages: $20,000 in medical expenses, $6,000 in damages to suits he's just purchased, $14,000 in lost wages, $5,000 in pain and suffering, and $135,000 in punitive damages. The Fashionable Male's defense costs were $15,000. 3. The owner of a neighboring building sued for damages and won: $200,000 in building damages, $50,000 in personal property damage, and $100,000 in lost income. The Fashionable Male's defense costs were $40,000. What is the total amount The Fashionable Male's CGL will pay for this loss? $450,000 $1,000,000 $2,000,000 $1,000,000
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