Cisr commercial - Study guides, Class notes & Summaries

eal property is - Answer-comprised of buildings, structures and fixtures that are tangible. Real property can be seen. Give examples of Real Property - Answer-Land is real property, but it is generally not the subject of insurance. Buildings are real property. They have walls and a roof. You can probably envision many types of buildings, ranging from a small one-story office to a skyscraper. Structures. A structure is any construction, including buildings. However, examples of structures t...

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 version) - 1. Duty owed by negligent party to another party, 2. Breach o...

CISR Commercial Casualty I Lesson 1 L(Legal Liability, CGL & Additional Insureds One of 9 CISR courses to obtain Elite Designation)2023

CISR Commercial Casualty I Lesson Exam 48 Questions with Answers Legal Liability - CORRECT ANSWER 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 - CORRECT ANSWER Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - CORRECT ANSWER Negligence, Intentional Torts, Strict Liability, Absolute Liability Name ...

Commercial Casualty II - CISR Correct answers latest update

Commercial Casualty II – CISR Questions And Answers 2023

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...

A ____ is a cause of loss CORRECT ANSWER-peril A situation, behavior, or condition that may lead to adverse financial consequences CORRECT ANSWER-exposure A cyberattack is an example of a ____ CORRECT ANSWER-peril An Insured who shows no regard for his insured property demonstrates a CORRECT ANSWER-morale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood that someone will fall CORRECT ANSWER-hazard A passenger enters an elevator. His...