AINS23 PT 2 MASTER SET
A commercial building may contain furniture, machinery and equipment and finished products. Which
one of the following is the term generally used in property insurance policies to refer to all these types
of property?
Select one:
A. Business personal property
B. Stock
C. Inventory
D. Commercial property - Answer-A
In business income insurance, the expenses that an organization would not have incurred if the business
interruption had not occurred are called
Select one:
A. Continuing expenses.
B. Excludable expenses.
C. Contingent expenses.
D. Extra expenses. - Answer-D
,Radley Contracting Company is installing new signage on the front of a building. George, a passerby
walking near the building is injured when a Radley employee accidentally drops a tool from a crane.
George likely has the ability to assert which one the following types of claim?
Select one:
A. Premises and products liability
B. Premises and operations liability
C. Completed operations liability
D. Incompleted operations liability - Answer-B
Which one of the following is an example of injury or damage arising from an occurrence that would be
covered by the products and completed operations liability portion of the Commercial General Liability
(CGL) Coverage Form?
Select one:
A. A dissatisfied customer sues an insured for slander.
B. A customer's house is set on fire while the insured is doing plumbing work.
C. A customer is injured when she slips on a wet floor in a store.
D. A defective gas range manufactured by the insured explodes causing injury. - Answer-D
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. Raising liability limits under its business auto insurance.
C. Lowering the physical damage deductible under its business auto insurance.
D. Purchasing garagekeepers insurance. - Answer-D
Sue is injured at work, and her job responsibilities are reduced for 30 days, after which time she is fully
recovered. Sue has which one of the following types of workers compensation disabilities?
, Select one:
A. Temporary total disability
B. Permanent partial disability
C. Permanent total disability
D. Temporary partial disability - Answer-D
Which one of the following supply chain exposures can a business mitigate by carefully wording
contracts and diversifying suppliers?
Select one:
A. Loss of supply due to external events
B. Strikes or other employment issues
C. Production bottlenecks
D. Changes in demand - Answer-A
The extent of an organization's product of human intelligence that has economic value refers to which
one of the following?
Select one:
A. Business income
B. Personal property
C. Intellectual property
D. Real property - Answer-C
Sally is a commercial property claims adjuster. When she is first assigned a claim, she reviews the
commercial property part of the policy to make sure that the property that suffered the loss matches
the description of the property insured. She also reviews the kinds and amount of coverage provided.
Which one of the following components of the commercial property part will provide Sally with this
information?
Select one:
A commercial building may contain furniture, machinery and equipment and finished products. Which
one of the following is the term generally used in property insurance policies to refer to all these types
of property?
Select one:
A. Business personal property
B. Stock
C. Inventory
D. Commercial property - Answer-A
In business income insurance, the expenses that an organization would not have incurred if the business
interruption had not occurred are called
Select one:
A. Continuing expenses.
B. Excludable expenses.
C. Contingent expenses.
D. Extra expenses. - Answer-D
,Radley Contracting Company is installing new signage on the front of a building. George, a passerby
walking near the building is injured when a Radley employee accidentally drops a tool from a crane.
George likely has the ability to assert which one the following types of claim?
Select one:
A. Premises and products liability
B. Premises and operations liability
C. Completed operations liability
D. Incompleted operations liability - Answer-B
Which one of the following is an example of injury or damage arising from an occurrence that would be
covered by the products and completed operations liability portion of the Commercial General Liability
(CGL) Coverage Form?
Select one:
A. A dissatisfied customer sues an insured for slander.
B. A customer's house is set on fire while the insured is doing plumbing work.
C. A customer is injured when she slips on a wet floor in a store.
D. A defective gas range manufactured by the insured explodes causing injury. - Answer-D
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. Raising liability limits under its business auto insurance.
C. Lowering the physical damage deductible under its business auto insurance.
D. Purchasing garagekeepers insurance. - Answer-D
Sue is injured at work, and her job responsibilities are reduced for 30 days, after which time she is fully
recovered. Sue has which one of the following types of workers compensation disabilities?
, Select one:
A. Temporary total disability
B. Permanent partial disability
C. Permanent total disability
D. Temporary partial disability - Answer-D
Which one of the following supply chain exposures can a business mitigate by carefully wording
contracts and diversifying suppliers?
Select one:
A. Loss of supply due to external events
B. Strikes or other employment issues
C. Production bottlenecks
D. Changes in demand - Answer-A
The extent of an organization's product of human intelligence that has economic value refers to which
one of the following?
Select one:
A. Business income
B. Personal property
C. Intellectual property
D. Real property - Answer-C
Sally is a commercial property claims adjuster. When she is first assigned a claim, she reviews the
commercial property part of the policy to make sure that the property that suffered the loss matches
the description of the property insured. She also reviews the kinds and amount of coverage provided.
Which one of the following components of the commercial property part will provide Sally with this
information?
Select one:
