Business, 31.10.2019 04:31 jak000067oyyfia

James waterplay provides canoes to tourists. management has determined that there is one chance in a thousand of a customer being injured or killed. settlement of resulting lawsuits has an average cost of $750,000. insurance with a $50,000 deductible is available. it covers the costs of lawsuits, unless there is evidence of criminal negligence. based on cost-benefit analysis, what is the most that the business should pay for the insurance?

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