4. Risks, Liabilities and Obligations

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&rArr

Policy On Policy

How Much Liability? # of victims: 3.4 million Average loss: $1000 Market share: 0.03% or 100k users Fudge factor: 10% Guestimate (1): 3,400,000 * 1000 * 0.03% * 10% Guestimate (2): 100k * 1000 * 3.4% * 10% Liability: $ X00,000