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Is the Medical Expense/General Liability policy subject to a minimum premium?

April 26, 2017expense liability medical minimum policy Premium Subject

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Is the Medical Expense/General Liability policy subject to a minimum premium?

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Yes, the policy is subject to a minimum premium of either $230 or $345 depending on the limits of coverage that are chosen. For example, if a single 12 & under baseball team purchases coverage on 14 players @ $5.12 per player, the total rate is $71.68. However, the minimum premium requires a payment of $230.