AINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 /2025 | Already Passed
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Course
AINS 103
Institution
AINS 103
AINS 103 | (All Practice Questions from the Course)
with 100 % correct answers | Verified& Updated 2024
/2025
| Already Passed
The liability loss exposure that exists when an organization is legally responsible for bodily
injury or property damage caused by an accident that occurs on an ...
AINS 103 | (All Practice Questions from the Course)
with 100 % correct answers | Verified& Updated 2024
/2025
| Already Passed
The liability loss exposure that exists when an organization is legally responsible for bodily
injury or property damage caused by an accident that occurs on an organization's owned, leased,
or rented property is
Select one:
A. Professional liability.
B. Property liability.
C. Operations liability.
D. Premises and operations liability. - ✔✔D. Premises and operations liability.
Automobile liability exposures can result from Select
one:
A. Damage to or destruction of an owned vehicle.
B. Loss of use of an owned automobile.
C. Workers compensation laws.
D. Hiring or borrowing an automobile. - ✔✔D. Hiring or borrowing an automobile.
To be covered under a workers compensation statute, an injury or disease (in most states) must
meet which one of the following requirements?
Select one:
A. Result from the employer's negligence
B. Occur away from the regular work premises
,C. Arise out of employees' job-related injuries and diseases
D. Result in total disability - ✔✔C. Arise out of employees' job-related injuries and diseases
Cyber risk intellectual property loss exposures include
Select one:
A. Cyber extortion of trade secrets.
B. Personal and advertising injury liability.
C. Loss to tangible property.
D. Property damage liability. - ✔✔A. Cyber extortion of trade secrets.
As part of its assessment of its cyber risk, an organization should consider whether there are any
intangible property exposures. Which one of the following would best be classified as an
intangible property loss?
Select one:
A. Two disgruntled employees use the computer system to transfer office funds into their own
personal bank accounts.
B. The computer system is hacked and data including credit card numbers are stolen.
C. Thieves break into the main office and steal several desktop computers.
D. There is a fire in the storage area which destroys the backup copy of the office computer
system. - ✔✔B. The computer system is hacked and data including credit card numbers are
stolen.
,A commercial building may contain furniture, machinery and equipment and finished products.
Which one of the following is the term generally used in property insurance policies to refer to
all these types of property?
Select one:
A. Business personal property
B. Stock
C. Inventory
D. Commercial property - ✔✔A. Business personal property
A family recently purchased a new home constructed by a residential home builder. Two months
after taking possession, several of the family members were injured when the roof suddenly
collapsed. The family sued the construction company and was awarded monetary damages for
their injuries. This is an example of which one of the following types of commercial liability loss
exposure for the construction company?
Select one:
A. Products liability
B. Premises and operations liability
C. Completed operations liability
D. Employers liability - ✔✔C. Completed operations liability
Which one of the following is an example of injury or damage arising from an occurrence that
would be covered by the products and completed operations liability portion of the Commercial
General Liability (CGL) Coverage Form?
Select one:
A. A defective gas range manufactured by the insured explodes causing injury.
, B. A customer's house is set on fire while the insured is doing plumbing work.
C. A dissatisfied customer sues an insured for slander.
D. A customer is injured when she slips on a wet floor in a store. - ✔✔A. A defective gas range
manufactured by the insured explodes causing injury
Joe Motors, which services automobiles, wants to maintain the goodwill of its customers. This is
best accomplished by
Select one:
A. Purchasing garage liability insurance.
B. Purchasing garagekeepers insurance.
C. Lowering the physical damage deductible under its business auto insurance.
D. Raising liability limits under its business auto insurance. - ✔✔B. Purchasing garagekeepers
insurance.
Workers compensation benefits include which one of the following?
Select one:
A. Death benefits of 100 percent of wage loss
B. Pain and suffering benefits
C. Rehabilitation benefits
D. Property damage benefits - ✔✔C. Rehabilitation benefits
An email was sent to a company's employees containing a harmful attachment. Several
employees opened the attachment which allowed hackers to obtain customer contact
information. This cyber risk loss is
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