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WebCe - Commercial Lines 101 questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating
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WebCe - Commercial Lines 101 questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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  • August 5, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • webce commercial lines 101

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  • Commercial Construction
  • Commercial Construction

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WebCe - Commercial Lines 101
3, 4, or 5 - ANS-Carter's fruit stand might be exempt from compulsory workers compensation if
his business has only ________________ employees.

All vehicles. - ANS-Most businesses procure liability coverage for:

An employee of Ulee using the vehicle with Alfred Ulee's permission.. - ANS-Under a BAP
issued to Ulee Excavation, owned by Alfred and Mary Ulee, which of the following people would
fall into the category of "permissive users"?

Anderson's insolvency. - ANS-Anderson Auto Insurance Company has established its rates, and
the rates are deemed to be fair by the insurance regulators in the states where Anderson does
business. Anderson is very concerned about setting adequate rates because inadequate rates
can lead to:

Contingent extra expense coverage. - ANS-Rolf's Roofing depends on Samson's Shingles as its
primary supplier of roofing materials. If a fire or other calamity were to damage Samson's
manufacturing facility, Rolf's Roofing would have to purchase shingles from other suppliers at a
significantly higher cost. What type of coverage does Rolf's Roofing need to add to its standard
commercial property policy to insure this loss exposure?

Electronic data such as a database of the contractor's clients and their information. - ANS-ABC
Contractors has procured a commercial property policy. Under most of these types of policies,
there are some types of property that are covered only to a limited extent and some which are
excluded unless added by endorsement. Under a standard, unendorsed policy issued to a
contractor, which of the following property would be covered only to a limited extent?

From all causes except those specifically listed in the policy as excluded. - ANS-A commercial
property policy written on an "all risks" basis covers losses:

Independent agency - ANS-Gertrude is going to become an insurance agent. She would like to
work in an agency that represents many different insurance companies. Gertrude will go to work
for a(n)

Insuring agreement. - ANS-Kevin, the owner of ABC Contractors, is issued a commercial
general liability policy by Speedy Insurance. The policy states that Speedy Insurance agrees to
pay for all liability arising from bodily injury or property damage that occurs during the policy
period. This is found in the _________________ of the policy:

It reduces Andy's need to compare numerous insurers' policies word for word to determine
which provides the most favorable coverage for Carrie's company. - ANS-Andy Agent tells

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