In this task you enter the appropriate insurance data into Melanie’s forms.
When you initially spoke with Melanie, she indicated she wanted liability coverage with minimum requirements and a high deductible. Since her business is a start up company she feels minimum coverage is adequate for now. She requested that you work up some figures based on maximum coverages of no greater than $500,000. Melanie said she would call later with estimated gross sales to include on the policy.
When you clicked Ok in the Forms Selection window, the system displayed the first form in the form set in the Data Entry window. Notice that Melanie’s policy number carried over from the Forms Selection window, and it appears in the correct field.
Your cursor is in the first variable field that accepts data. The system displays the field number, data type, and the field’s name in the status bar at the bottom of the window. The information changes as you move your cursor to different fields. For this exercise, it is important to display the field information because the instructions refer to the fields’ names as they appear in the status bar. To hide the status bar, choose Options, Information. The Options menu is comprised of on/off options, with a check mark indicating that an option is active.
Field | Enter |
GEN AGGR LIMIT | 250000 |
PROD AGGR LIMIT | 500000 |
PERSONAL LIMIT | 300000 |
EACH OCCR LIMIT | 100000 |
FIRE DAM LIMIT | 500000 |
MED EXPEN LIMIT | 250000 |
CLASSIFICATN 1 | Other than Gross Sales |
PREM/OPS RATE1 | 1.00 |
PREM/OPS PREM1 | 1400 |
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