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AINS 103 COMMONLY TESTED QUESTIONS AND ANSWERS A GRADED
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AINS 103 COMMONLY TESTED QUESTIONS AND ANSWERS A GRADED
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AINS 103 COMMONLY TESTEDQUESTIONS AND ANSWERS A GRADED
Which cone cof cthe cfollowing cbest cdescribes creal cproperty?
Select cone:
A. cProperty cbeing cshipped cto cor cfrom cothers.
B. cBusiness cpersonal cproperty cthat cincludes cfurniture, cmachinery cand cequipment, cand
cstock/inventory.
C. cTangible cproperty cthat cincludes cland, cstructures cpermanently cattached cto cthe cland,
cand cwhatever cis cgrowing con cthe cland.
D. cVehicles, cmerchandise, cfurniture, ctools, cand csimilar citems. c- ccorrect canswers✔✔C.
cTangible cproperty cthat cincludes cland, cstructures cpermanently cattached cto cthe cland, cand
cwhatever cis cgrowing con cthe cland.
Extra cexpenses care cexpenses, cin caddition cto cordinary cexpenses, cthat can corganization
cincurs cto cmitigate cthe ceffects cof ca cbusiness cinterruption. cWhich cone cof cthe cfollowing cis
can cexample cof can cextra cexpense?
Select cone:
A. cCost cto crent ctemporary coffice cspace
B. cInsurance cpremiums
C. cDebt crepayments
D. cPayroll cof ckey cemployees c- ccorrect canswers✔✔A. cCost cto crent ctemporary coffice
cspace
Upon centering ca crestaurant, ca ccustomer cgrasped ca chandrail cthat cbroke coff, ccausing cthe
ccustomer cto cfall cand cbreak chis cwrist. cThis cis can cexample cof cwhich cone cof cthe cfollowing
ctypes cof ccommercial cgeneral cliability closs?
Select cone:
A. cPremises cand coperations cliability
B. cPersonal cand cadvertising cinjury cliability
C. cAbsolute cliability
D. cProducts cand ccompleted coperations cliability c- ccorrect canswers✔✔A. cPremises cand
coperations cliability
The cliability closs cexposure cthat cexists cwhen can corganization cis clegally cresponsible cfor
cbodily cinjury cor cproperty cdamage ccaused cby can caccident cthat coccurs con can
corganization's cowned, cleased, cor crented cproperty cis
Select cone:
A. cProfessional cliability.
B. cProperty cliability.
C. cOperations cliability.
D. cPremises cand coperations cliability. c- ccorrect canswers✔✔D. cPremises cand coperations
cliability.
,Automobile cliability cexposures ccan cresult cfrom
Select cone:
A. cDamage cto cor cdestruction cof can cowned cvehicle.
B. cLoss cof cuse cof can cowned cautomobile.
C. cWorkers ccompensation claws.
D. cHiring cor cborrowing can cautomobile. c- ccorrect canswers✔✔D. cHiring cor cborrowing can
cautomobile.
To cbe ccovered cunder ca cworkers ccompensation cstatute, can cinjury cor cdisease c(in cmost
cstates) cmust cmeet cwhich cone cof cthe cfollowing crequirements?
Select cone:
A. cResult cfrom cthe cemployer's cnegligence
B. cOccur caway cfrom cthe cregular cwork cpremises
C. cArise cout cof cemployees' cjob-related cinjuries cand cdiseases
D. cResult cin ctotal cdisability c- ccorrect canswers✔✔C. cArise cout cof cemployees' cjob-related
cinjuries cand cdiseases
Cyber crisk cintellectual cproperty closs cexposures cinclude
Select cone:
A. cCyber cextortion cof ctrade csecrets.
B. cPersonal cand cadvertising cinjury cliability.
C. cLoss cto ctangible cproperty.
D. cProperty cdamage cliability. c- ccorrect canswers✔✔A. cCyber cextortion cof ctrade csecrets.
As cpart cof cits cassessment cof cits ccyber crisk, can corganization cshould cconsider cwhether
cthere care cany cintangible cproperty cexposures. cWhich cone cof cthe cfollowing cwould cbest cbe
cclassified cas can cintangible cproperty closs?
Select cone:
A. cTwo cdisgruntled cemployees cuse cthe ccomputer csystem cto ctransfer coffice cfunds cinto
ctheir cown cpersonal cbank caccounts.
B. cThe ccomputer csystem cis chacked cand cdata cincluding ccredit ccard cnumbers care cstolen.
C. cThieves cbreak cinto cthe cmain coffice cand csteal cseveral cdesktop ccomputers.
D. cThere cis ca cfire cin cthe cstorage carea cwhich cdestroys cthe cbackup ccopy cof cthe coffice
ccomputer csystem. c- ccorrect canswers✔✔B. cThe ccomputer csystem cis chacked cand cdata
cincluding ccredit ccard cnumbers care cstolen.
A ccommercial cbuilding cmay ccontain cfurniture, cmachinery cand cequipment cand cfinished
cproducts. cWhich cone cof cthe cfollowing cis cthe cterm cgenerally cused cin cproperty cinsurance
cpolicies cto crefer cto call cthese ctypes cof cproperty?
Select cone:
A. cBusiness cpersonal cproperty
B. cStock
C. cInventory
D. cCommercial cproperty c- ccorrect canswers✔✔A. cBusiness cpersonal cproperty
,A cfamily crecently cpurchased ca cnew chome cconstructed cby ca cresidential chome cbuilder.
cTwo cmonths cafter ctaking cpossession, cseveral cof cthe cfamily cmembers cwere cinjured
cwhen cthe croof csuddenly ccollapsed. cThe cfamily csued cthe cconstruction ccompany cand cwas
cawarded cmonetary cdamages cfor ctheir cinjuries. cThis cis can cexample cof cwhich cone cof cthe
cfollowing ctypes cof ccommercial cliability closs cexposure cfor cthe cconstruction ccompany?
Select cone:
A. cProducts cliability
B. cPremises cand coperations cliability
C. cCompleted coperations cliability
D. cEmployers cliability c- ccorrect canswers✔✔C. cCompleted coperations cliability
Which cone cof cthe cfollowing cis can cexample cof cinjury cor cdamage carising cfrom can
coccurrence cthat cwould cbe ccovered cby cthe cproducts cand ccompleted coperations cliability
cportion cof cthe cCommercial cGeneral cLiability c(CGL) cCoverage cForm?
Select cone:
A. cA cdefective cgas crange cmanufactured cby cthe cinsured cexplodes ccausing cinjury.
B. cA ccustomer's chouse cis cset con cfire cwhile cthe cinsured cis cdoing cplumbing cwork.
C. cA cdissatisfied ccustomer csues can cinsured cfor cslander.
D. cA ccustomer cis cinjured cwhen cshe cslips con ca cwet cfloor cin ca cstore. c- ccorrect
canswers✔✔A. cA cdefective cgas crange cmanufactured cby cthe cinsured cexplodes ccausing
cinjury
Joe cMotors, cwhich cservices cautomobiles, cwants cto cmaintain cthe cgoodwill cof cits
ccustomers. cThis cis cbest caccomplished cby
Select cone:
A. cPurchasing cgarage cliability cinsurance.
B. cPurchasing cgaragekeepers cinsurance.
C. cLowering cthe cphysical cdamage cdeductible cunder cits cbusiness cauto cinsurance.
D. cRaising cliability climits cunder cits cbusiness cauto cinsurance. c- ccorrect canswers✔✔B.
cPurchasing cgaragekeepers cinsurance.
Workers ccompensation cbenefits cinclude cwhich cone cof cthe cfollowing?
Select cone:
A. cDeath cbenefits cof c100 cpercent cof cwage closs
B. cPain cand csuffering cbenefits
C. cRehabilitation cbenefits
D. cProperty cdamage cbenefits c- ccorrect canswers✔✔C. cRehabilitation cbenefits
An cemail cwas csent cto ca ccompany's cemployees ccontaining ca charmful cattachment.
cSeveral cemployees copened cthe cattachment cwhich callowed chackers cto cobtain ccustomer
ccontact cinformation. cThis ccyber crisk closs cis
Select cone:
A. cDamage cto cintangible cproperty.
B. cDamage cto cpersonal cproperty.
C. cDamage cto ctangible cproperty.
, D. cErrors cand comissions cliability. c- ccorrect canswers✔✔A. cDamage cto cintangible
cproperty.
An cindividual cowns ca cweb-based cbusiness. cAll csales crecords cand ccontact cdata care
cmaintained con cthe csame cnetwork cserver cas cthe cwebsite. cSomeone chacks cinto cthe
cserver cand cdeletes call cof cthe csaved cdata. cWhich cone cof cthe cfollowing ctypes cof closs cis
cthis?
Select cone:
A. cTangible cproperty
B. cPersonal cinjury
C. cIntangible cproperty
D. cContingent cbusiness cincome c- ccorrect canswers✔✔C. cIntangible cproperty
Property cinsurance cpolicies cuse cthe cterm c"personal cproperty" cto crefer cto cthe
Select cone:
A. cProperty cin ctransit.
B. cContents cin cand caround ca cbuilding.
C. cBuildings cnot cattached cto cthe cmain cbuilding.
D. cCompany's ccopyrights cand ctrademarks. c- ccorrect canswers✔✔B. cContents cin cand
caround ca cbuilding.
In cbusiness cincome cinsurance, cthe cexpenses cthat can corganization cwould cnot chave
cincurred cif cthe cbusiness cinterruption chad cnot coccurred care ccalled
Select cone:
A. cContinuing cexpenses.
B. cContingent cexpenses.
C. cExcludable cexpenses.
D. cExtra cexpenses. c- ccorrect canswers✔✔D. cExtra cexpenses.
A cvehicle cowner chad ca ctire cstore cinstall cfour cnew cwheels cand ctires con cthe cvehicle. cOn
cthe cway chome cfrom cthe cstore, cone cof cthe cwheels ccame coff, ccausing cthe cvehicle cto
caccidentally crun coff cthe croad cand cstrike ca ctree. cThe cvehicle cowner csued cthe ctire cstore
cfor cfailing cto cproperly ctighten cthe clug cnuts con cthe cvehicle. cThe closs cexposure cfaced cby
cthe ctire cstore cin cthis ccase cis cknown cas
Select cone:
A. cEmployers cliability.
B. cCompleted coperations cliability.
C. cAutomobile cliability.
D. cProducts cliability. c- ccorrect canswers✔✔B. cCompleted coperations cliability.
Which cone cof cthe cfollowing closs cexposures cexist cwhen ca cbusiness ccan cbe cheld clegally
cliable cfor cbodily cinjury cor cproperty cdamage ccaused cby ctheir crepair cor ccontracting cwork?
Select cone:
A. cOperations cliability
B. cCompleted coperations cliability
C. cWorkers' ccompensation cliability
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