information required in a proposal form for employer's liability is insurance include

Assessment: WAEC SSCE - Insurance - 2017 (Objective) Subject: Insurance

Question 1 Report

information required in a proposal form for employer's liability is insurance include

Answer Details
The information required in a proposal form for employer's liability insurance includes the number of employees and the annual wage roll of the proposer. This information is important because it helps the insurance company determine the level of risk associated with insuring the proposer's business. The number of employees and the annual wage roll are used to calculate the potential cost of a claim if an employee were to get hurt or become ill as a result of their work. Having this information helps the insurance company determine the premium that the proposer should pay for the coverage.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning