A computer installed in a truck that an insured uses exclusively in his business to make deliveries is
damaged in a collision. What coverage for this loss is provided by the insured's Businessowners policy? -
It is covered as business personal property*****
It is covered under the automobile coverage extension
It is not covered
It is covered under the policy's building coverage
An insured under a Businessowners policy who operates a small restaurant is concerned about losing
perishable food stock in the event of a power outage. What endorsement could the insured's producer
recommend? - Protective Safeguards endorsement
Mechanical Breakdown optional coverage
Spoilage Coverage endorsement *********
Removal of Utility Outage Exclusion endorsement
The consideration clause is the part of the policy in which - Basic information, such as the policy number,
name of the insurance company, names of the insureds, and the insured business address, is stated.
Coverage extensions such as pollutant cleanup and removal are defined
The insurance company agrees to provide coverage in return for premium payments by the
insured********F
,The method of property valuation is detailed
All of the following losses would be covered by a Businessowners policy EXCEPT - An insured's building is
damaged by exposure to excess moisture for over a year
A windstorm brought down a tree next to the insured's building which made a hole in the roof
The exterior walls of the insured's building were defaced during a civil disturbance***********
Though nothing actually caught fire, smoke from smoldering carpet rendered office furniture unusable
Which of the following contractors would typically be able to purchase Businessowners coverage? - An
individual who installs steam boilers
A swimming pool installer
A general contractor
A plumbing service and repair company******
All of the following statements about the coverage provided by a Businessowners policy for medical
payments are true EXCEPT - The policy covers only injuries for which the insured is at fault********
Covered expenses include the cost of a funeral if the injury results in death
Medical expenses are covered without regard to liability
Only injuries that arise from accidents that occur during the policy period are covered
, An insured under a BOP policy has failed to pay the premium, and November 1, the insurer serves notice
that it is cancelling the policy for that reason. What is the earliest dat that cancellation of the coverage
can be made effective? - November 4
November 8
November 11******
November 15
To ensure building owners are properly maintaining precautions to prevent losses, underwriter may
want to review - Police reports for buildings in the surrounding 3 blocks
Maintenance procedures and records********
Any fires in the surrounding 3 blocks
The building's history
Businessowners policy coverage to restore electronic data applies to all of the following EXCEPT -
Programming code stored on internal servers
Prepackaged software bought by the insured******
Customer information on CDs
Hard drives that store inventory analytics
To expand its operations, a business insured by a Businessowners policy purchased an additional
business location on November 1. Unless the new premises is reported to the insurer sooner, on what
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