Creating Standard Policies for WCe Countries

For purpose of this discussion, “Standard Policies” are those where both the Limits and Deductibles are applied on a Blanket (BL), Property Damage/Business Interruption (PD/BI), or Coverage Specific (CS) basis. The relationship between how Limits may be applied at the policy and site levels and how Deductibles maybe applied at the policy and site levels are described by the following rules. These rules are enforced for the WCe detailed model (U.S., Canada, and Japan) when policy and site data are either entered manually (single-site underwriting) or imported (portfolio analysis).

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