KS Public Adjuster Practice Questions - Kansas Public Adjuster Exam

What does 'overhead and profit' (O&P) represent in a commercial property damage estimate?

The public adjuster's fee and expenses A standard allowance (typically 10% overhead + 10% profit) added when a general contractor is necessary to coordinate a complex repair project The insurance company's administrative costs Government taxes on the settlement

Correct Answer:

A standard allowance (typically 10% overhead + 10% profit) added when a general contractor is necessary to coordinate a complex repair project

Access more questions from this quiz

Continue to KS Public Adjuster Practice Questions - Kansas Public Adjuster Exam for more practice questions and the full quiz experience.

Access More Questions