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Avoiding the Contractor's General Liability Fiery Pit of Hell
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San Francisco California
Contractor Insurance Glossary
Loss Limitation
An optional feature of a retrospective rating plan that limits or 'caps' the amount of loss (usually at the $100,000 level, or more) that would otherwise be applied to the calculation of premium. An additional premium is charged for this feature by means of an 'excess loss premium factor' (ELPF).
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San Francisco Contractors Insurance offered for virtually all CA contractors
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