I haven’t seen any risk assessment identifying the probability of occurrence of known or unknown incidents. So at this point, I don’t believe there is a quantifiable answer to this question.
I would expect that the underwriter for the insurance company did a risk analysis before calculating the premium. Underwriters are numbers people. They would have at least shared their conclusions in a narrative form with USMS if they were asked. I can't imagine trying to 'negotiate' an insurance premium without a discussion on the risk of future claims.
I haven’t seen any risk assessment identifying the probability of occurrence of known or unknown incidents. So at this point, I don’t believe there is a quantifiable answer to this question.
I would expect that the underwriter for the insurance company did a risk analysis before calculating the premium. Underwriters are numbers people. They would have at least shared their conclusions in a narrative form with USMS if they were asked. I can't imagine trying to 'negotiate' an insurance premium without a discussion on the risk of future claims.
