Ains 103 practice exam - Study guides, Class notes & Summaries

AINS 103: Practice Quiz-All Chapters Exam/134 Questions and answers

AINS 103: Practice Quiz-All Chapters Exam Questions And Answers For most businesses, which peril poses the greatest risk of a large or total property loss? - ANS For most businesses, fire poses the greatest risk of a large or total property loss. Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? - ANS Cost to rent temporary office spa...

AINS 103 (New 2023/ 2024 Update) Exploring Commercial Insurance Exam Practice _Questions and Verified Answers_ 100% Correct_ Graded A QUESTION A carrier that is prevented by an accident from delivering the cargo aboard its ship may face an exposure called loss of freight, which is Select one: A. The compensation the carrier receives for transporting cargo. B. A penalty the carrier pays the shipper for nondelivery. C. The liability for loss or damage to the cargo entrusted to it. ...

AINS 103 (Latest 2023/ 2024 Update) Exploring Commercial Insurance Exam Practice Questions and Verified Answers| 100% Correct| Grade A Q: 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 garage keepers insurance. C. Lowering the physical damage deductible under its business auto insurance. D. Raising liability limits under its business auto insurance. ...