Advantage of a guaranteed cost program

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Los Feliz Company is a midsize construction company. Los Feliz is evaluating its workers' compensation insurance options and trying to decide whether to go with a guaranteed cost or a loss sensitive program. Which of the following is an advantage of a guaranteed cost program for Los Feliz?

a. A guaranteed cost program makes determining how much to include for workers' compensation insurance in a bid for work much easier to compute.

b. A guaranteed cost program offers better cash flow than a loss sensitive plan.

c. A guaranteed cost program offers more time flexibility than a loss sensitive plan.

d. A guaranteed cost program would reward Los Feliz for favorable loss experience.

Reference no: EM13970689

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