solved I need somebody to complete the following: 5-1 Review Question,

I need somebody to complete the following: 5-1 Review Question, and 5-4 Mini Case Studies. Please use separate word documents.5-1 Review Questions:In your own words, answer the following questions in a Word document. Provide detailed explanations, including at least one example where indicated.How do liability loss exposures differ from property loss exposures with regard to assessment of maximum possible loss? Provide at least one example.How do aggregate limits of liability affect a commercial entity’s need for liability insurance? Provide at least one example.What is the basic difference between an excess liability policy and an umbrella policy?What are the differences between working layers and buffer layers of insurance? Provide at least one example.What underlying coverages are usually required by an umbrella insurer? Provide at least one example.How might organizations be exposed to cyber risk loss exposures? Provide specific examples.What are the benefits of a properly structured cyber risk security strategy?What disclosures does the Terrorism Risk Insurance Act require?What are the advantages and disadvantages associated with international package policies?5-4 Mini Case Studies Analyze the coverage amount under excess or umbrella liability insurance. Analyze the cyber risk loss exposures for an organization. Communicate analysis and/or conclusions concerning property and/or casualty insurance policies, coverage, limitations, and/or issuesAnswer the following questions in your own words in a Word document. Remember these are mini-case studies, not review questions, and as such your responses are to be in complete sentences and paragraphs, with at least 350 words for each question. Please restate the question in your document but do not count these words in your total response length.A general contractor has a commercial general liability (CGL) policy and an umbrella policy, each of which provides coverage on an occurrence basis. The CGL policy has an each occurrence limit of $1 million and a general aggregate limit of $2 million. The umbrella policy also has an each occurrence limit of $1 million and a general aggregate limit of $2 million. The policy periods of the CGL and umbrella policies are concurrent. The contractor has a covered loss for $800,000. How much will be paid under each policy for this loss?During the same policy period, the general contractor has another covered loss for $1.2 million. How much will be paid under each policy for this loss?The contractor experiences a third covered occurrence during the same policy period. This loss is $540,000. How much will be paid under each policy for this loss?Jim’s Country Furniture and Crafts is a small, one-person business. Jim builds his own designs of country-styled furniture and crafts and sells them in his shop. Most of Jim’s business is generated through referrals and repeat customers. Jim’s wife performs the business’s accounting tasks and other business-related record keeping. The business does not have a website. Jim believes that he does not have any cyber risk loss exposures. For each of the following scenarios, explain whether Jim has a cyber-risk loss exposure:Jim also designs architectural elements for homes, such as fireplace mantles, wall panels, and molding. To help in the design and assembly of large elements, Jim orders partially completed pieces from a supplier, who designs the pieces according to his specifications using computer-aided design (CAD) technology.Jim’s wife relies on a home business software program that requires periodic Internet updates to manage Jim’s accounts, billings, and other record keeping.