AINS103 Practice Questions, AINS 103 Exam Questions and Answers
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Course
2024/2025
Institution
2024/2025
AINS103 Practice Questions, AINS 103
Exam Questions and Answers
In property insurance, the term "Property in Transit" refers to which one of the following? -
Answer-Property while being transported by trucks, cars, buses, trains, airplanes, and ships.
Extra expenses are expenses, in addition to...
Property insurance policies use the term "personal property" to refer to the - Answer✔✔-
Contents in and around a building.
In business income insurance, the expenses that an organization would not have incurred if the
business interruption have not occurred are called - Answer✔✔-Extra expenses.
Radley Contracting Company is installing new signage on the front of a building. George, a
passerby walking near the building is injured when a Radley employee accidentally drops a tool
from a crane. George likely has the ability to assert which one the following types of claim? -
Answer✔✔-Premises and operations liability.
John purchased a new lawnmower two years ago. After significant use, the lawnmower needed
servicing. A repairman sharpened the blade but he failed to reattach it properly to the
lawnmower. When John was using the lawnmower, the blade flew off and seriously injured
John's daughter. From the standpoint of a commercial liability loss for the repair shop, this is an
example of - Answer✔✔-Completed operations liability.
Automobile liability exposures can result from - Answer✔✔-Hiring or borrowing an automobile.
Workers compensation benefits include which one of the following? - Answer✔✔-Rehabilitation
Benefits.
The unauthorized intrusion into a company's computer network resulting in damage to
intellectual property is best classified as which one of the following types of cyber liability
exposures? - Answer✔✔-Intangible property.
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