Commercial casualty i - Study guides, Class notes & Summaries

CISR Commercial Casualty I Lesson 1 L Latest Update Graded A+ Legal Liability A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability Negligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a negligent tort (long versi...

Commercial Casualty II - CISR Exam Questions And Answers All Verified By An Expert In BAP what does the liability section provide protection from claims for? - ANS Bodily Injury and Property Damage for which the insured is legally responsible for. In the BAP physical damage section what type of protection? - ANS provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? - ANS Medical payments personal injury pr...

Commercial Casualty II – CISR Questions And Answers GRADED A!!! In BAP what does liability section provide protection from claims for? Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? Medical payments personal injury protection uninsured/underinsured motorist bodily in...

CISR - Commercial Casualty I Questions with Complete Solutions 2024/2025 Give the 2 reasons why a named Insured adds another person or organization as an addt'l Insd - Correct Answer Close or business (contractual) relationship What are the three categories of legal liability? - Correct Answer Tort, Statutory, & Contractual Tort Liability - Correct Answer a wrongful action or omission that harms a person or business, prompting the injured party to seek compensation in civil court. As a r...

Commercial Casualty II (CISR) Questions Study Guide 100% Accurate and Complete.

CISR - Commercial Casualty I - Q&A verified

CIC - Commercial Casualty Institute Exam Questions and Answers Identify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) - Ans ️️ 1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- Payment of Premiums 5- Payee for Returned Premium Compare and Contrast the Occurrence Form with the Claims Made Form, as to what activates coverage (Learning Objective #2) - Ans ️️ Occurrence Form: - BI/PD must occur ...

CISR - Commercial Casualty I - Q&A verified

Commercial Casualty II – CISR Questions And Answers GRADED A!!! In BAP what does liability section provide protection from claims for? Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? Medical payments personal injury protection uninsured/underinsured motorist bodily in...

Employee—Advantages of WC - • Defined benefits if injured on the job • Benefits regardless of negligence • Some benefits last a lifetime Employer—Advantages of WC - • No lawsuits from injured employees. • Cost of insurance is predictable. • Tangible benefit to employees. Funding Workers Compensation Benefits - • Purchasing a policy from a private insurance company (most common). • Purchasing coverage from a competitive state fund. • Allowing employers, or groups of...