CM 4211 Module 4 Quiz Questions with Correct Answers (Grade A+)
Question 1: lecture 15
Answer: lecture 15
Question 2: The termination of a construction insurance policy is always at substantial completion of
the project?
Answer: false
Question 3: An umbrella policy can be used to increase coverage or add coverage to another policy?
Answer: true
Question 4: An occurrence policy covers accidents (occurrences) that happen during the existence of
the policy, even if the claim is not made until after the policy is terminated?
Answer: true
Question 5: Equipment is generally insured on a job-by-job basis so as not to waste premium when
tools are idle?
Answer: true
Question 6: Workers' compensation laws provide that an employee injured or killed on the job could
not sue the employer in exchange for compensation being paid without the need of proving fault?
Answer: true
Question 7: A project involving a navigable stream might require a different workers' compensation
policy than normally purchased?
Answer: true
Question 8: A workers' compensation insurance policy also covers a contractor that has indemnified
the owner?
Answer: false
Question 9: The workers' compensation policy premiums are the same in all states?
Answer: false
Page 1
, Question 10: The premiums to purchase a workers' compensation insurance policy are usually based
on the contract amount?
Answer: false
Question 11: The premium structure of a builder's risk policy may be a level premium based on the
average amount of work for the entire project?
Answer: true
Question 12: Large construction companies may self-insure?
Answer: true
Question 13: Most states impose a statutory liability on employers if employees are injured or killed
performing employment duties?
Answer: true
Question 14: Each additional named insured will increase the premium of an insurance policy?
Answer: true
Question 15: A comprehensive general liability policy covers injury or death to the owner of the
project?
Answer: false
Question 16: Insurance to cover the cost of injury or death to a third-person is usually called a
comprehensive general liability policy?
Answer: true
Question 17: A comprehensive general liability policy covers accidents involving vehicles on a
work-related mission even if not on the jobsite itself?
Answer: true
Question 18: Loss due to strikes are excluded from the builder's risk policies?
Answer: true
Question 19: The AIA A201 General Conditions provides for intermediate indemnification?
Answer: true
Page 2
Question 1: lecture 15
Answer: lecture 15
Question 2: The termination of a construction insurance policy is always at substantial completion of
the project?
Answer: false
Question 3: An umbrella policy can be used to increase coverage or add coverage to another policy?
Answer: true
Question 4: An occurrence policy covers accidents (occurrences) that happen during the existence of
the policy, even if the claim is not made until after the policy is terminated?
Answer: true
Question 5: Equipment is generally insured on a job-by-job basis so as not to waste premium when
tools are idle?
Answer: true
Question 6: Workers' compensation laws provide that an employee injured or killed on the job could
not sue the employer in exchange for compensation being paid without the need of proving fault?
Answer: true
Question 7: A project involving a navigable stream might require a different workers' compensation
policy than normally purchased?
Answer: true
Question 8: A workers' compensation insurance policy also covers a contractor that has indemnified
the owner?
Answer: false
Question 9: The workers' compensation policy premiums are the same in all states?
Answer: false
Page 1
, Question 10: The premiums to purchase a workers' compensation insurance policy are usually based
on the contract amount?
Answer: false
Question 11: The premium structure of a builder's risk policy may be a level premium based on the
average amount of work for the entire project?
Answer: true
Question 12: Large construction companies may self-insure?
Answer: true
Question 13: Most states impose a statutory liability on employers if employees are injured or killed
performing employment duties?
Answer: true
Question 14: Each additional named insured will increase the premium of an insurance policy?
Answer: true
Question 15: A comprehensive general liability policy covers injury or death to the owner of the
project?
Answer: false
Question 16: Insurance to cover the cost of injury or death to a third-person is usually called a
comprehensive general liability policy?
Answer: true
Question 17: A comprehensive general liability policy covers accidents involving vehicles on a
work-related mission even if not on the jobsite itself?
Answer: true
Question 18: Loss due to strikes are excluded from the builder's risk policies?
Answer: true
Question 19: The AIA A201 General Conditions provides for intermediate indemnification?
Answer: true
Page 2
