What are 2 key provisions of coverage in the Consequential Loss Assumption Clause -
Cold Storage
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1) Direct damage to refrigeration or cooling apparatus 2) Damage must
result from an insured peril
What does the term "Custody" mean when Sales Representatives coverage is
purchased?
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Custody means control or care of something by another
, 3 Examples of loss covered by Glass Riders
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1) employee breaks glass while carrying lumber into the store 2) customer
breaks glass with floor lamp they just purchased in store 3) glass breaks as
a result of buildings foundation settling
Why should brokers ask insureds about bylaws that may affect reconstruction of their
buildings
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when clients suffer losses which are uninsured because of the operation of
building code bylaws, courts may find broker responsible when broker
failed to advise client of this exposure
Define "Data"
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Information stored on media
What are 2 factors, location wise, that may influence the premium on Glass Riders
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Cold Storage
Give this one a try later!
1) Direct damage to refrigeration or cooling apparatus 2) Damage must
result from an insured peril
What does the term "Custody" mean when Sales Representatives coverage is
purchased?
Give this one a try later!
Custody means control or care of something by another
, 3 Examples of loss covered by Glass Riders
Give this one a try later!
1) employee breaks glass while carrying lumber into the store 2) customer
breaks glass with floor lamp they just purchased in store 3) glass breaks as
a result of buildings foundation settling
Why should brokers ask insureds about bylaws that may affect reconstruction of their
buildings
Give this one a try later!
when clients suffer losses which are uninsured because of the operation of
building code bylaws, courts may find broker responsible when broker
failed to advise client of this exposure
Define "Data"
Give this one a try later!
Information stored on media
What are 2 factors, location wise, that may influence the premium on Glass Riders
Give this one a try later!
