After reading the Week 3Lesson Content and Readings, consider the following: 1. Why is the principle of indemnity important in insurance? Fully explain. 2. After Reading Article "Safe Shopping": -...

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After reading the Week 3Lesson Content and Readings, consider the following:


1. Why is the principle of indemnity important in insurance? Fully explain.


2. After Reading Article "Safe Shopping":


- What are 2 methods stores can use to avoid injury in the stock room?
- What are some methods your current (or past) employer implemented to prevent injury in the stock room? Were these methods effective? Explain.
- Did the company under-go any lawsuits due to their lack of safe work environments?


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Answered Same DayFeb 17, 2021

Answer To: After reading the Week 3Lesson Content and Readings, consider the following: 1. Why is the principle...

Shalini answered on Feb 17 2021
135 Votes
Running head: Safe Work Environment                             1
Safe Work Environment                                     2
SAFE WORK ENVIRONMENT
Q1.
Principle of indemnity is considered important as it ensures that in case of loss the insured person shall be put back in the same financial position in which he was before the loss. It assures that an insurance contract would compensate for any kind of loss, damage and injury, which comes under the contract. The principle is also important to keep the business of insurance on track and...
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