Louisiana Property and Casualty | Questions with 100% Correct Answers | Updated
&Verified | 2024-2025 | 100% Score
The Business owners Policy, or BOP, is a ____ policy that can be used to cover most small low _____. -
✔✔Prepackaged, Low risk
One of the advantages of the BOP is that it is ____, which means that many of the coverage questions
have been predetermined by the insurance company which lowers the _____. - ✔✔Prepackaged,
Premium
The BOP automatically includes both ____ coverage's and ____ coverage's. - ✔✔Property and Liability
Eligible for a BOP are small to medium _____ businesses. - ✔✔Low risk
Ineligible for a BOP are high risk businesses, such as auto repair businesses, auto service stations, auto
dealers, parking garages, ____,_____,____ or ______ (no Cars, Bars, Banks or Manufacturing). - ✔✔bars,
large restaurants, banks or manufacturing businesses
The BOP offers two levels of peril power: ____(Standard) or _____. - ✔✔Basic or Special
Both the building and the _____ are automatically covered. - ✔✔Contents
The BOP standard deductible is $____. - ✔✔$500
The BOP does NOT contain a Coinsurance requirement; however, there is an incentive to purchase an
adequate amount of coverage. If you purchase at least _______, your loss settlement will be on a
Replacement Cost basis instead of on an ___ basis. - ✔✔80 percent to value, ACV
The BOP automatically provides _____, ______coverage for Loss of Income and Extra Expense. However,
there is a ______ time based deductible. - ✔✔months, 72 hour (3 Day) coverage, 72 hour (3 Day)
,The BOP has a built in peak season benefit that automatically allows for up to a __ percent increase in
business inventory without the necessity of notifying the insurance company. - ✔✔25
Optional BOP coverage's include Outdoor Signs, ____, ______, _____ , _____ and Money and Securities.
- ✔✔Employee Dishonesty, Mechanical Breakdown, Burglary and Robbery
The BOP Endorsement that gives a business a premium reduction for installing burglar alarms or fire
alarms is called Protective _____. - ✔✔Safeguards
Under the Protective Safeguards endorsement, your burglar alarm can be out of service for up to _____
without notifying the company before you lose coverage. - ✔✔48 hours (two days)
The Commercial Property module of the Commercial Package Policy excludes coverage for losses due to
boiler ____ or _____ breakdown. - ✔✔Explosion or Mechanical
The Boiler and Machinery (B and M) module is the way to _____ these Exclusions. - ✔✔Buy back
B and M policies are written on an ____ basis, not on an occurrence basis. - ✔✔Accident
The Boiler coverage is best described as ____ against _____. - ✔✔objects against accidents
The Machinery coverage of the B and M module is for the ____ and ____ breakdown of mechanical or
electrical equipment. - ✔✔sudden and accidental
______ that can be insured under a B and M policy include boilers, air conditioning units, engines,
pumps, electrical panels, turbines, and compressors. - ✔✔Objects
The B and M policy covers not only your own property, but also other people's property that is in your
___,____, and ____. - ✔✔Care, Custody and Control.
, In order to get damaged equipment repaired as soon as possible, the B and M policy pays up to $25,000
in ______. - ✔✔Expediting Expenses
Under the ______ an insurance company boiler inspector may immediately suspend coverage by giving
the Insured written notice of the boiler defect. - ✔✔Suspension Provision
Business Income and ______ coverage's can be added to the B and M policy. - ✔✔Extra Expense
Unfortunately the biggest risk that an employer has regarding Crime insurance is his/her own ___. -
✔✔Employees
As an employer you can protect yourself against employee theft by purchasing _____. - ✔✔Fidelity
Bonds
In a Fidelity Bond it is the employee that owes the obligation to the employee, so the employee is the
_____. The employer is owed the obligation, so the employer is the _____. The insurance company
agrees to pay, so it is the _____. - ✔✔Principal, Obligee, Surety or Guarantor.
Coverage on a bonded employee automatically terminates as soon as the employer becomes aware of a
_____ act of that employee that could be the basis of a claim. No second chances! - ✔✔Dishonest
A Fidelity Bond that covers multiple employees that are listed by job title and may have different
amounts of coverage for different positions is called a ____. - ✔✔Position Schedule Bond
The taking of property by violence or threat of violence from a person is called _____. - ✔✔Robbery
The taking of property from a premises that is closed and locked tight and leaving marks of forced entry
or exit is called _____. - ✔✔Burglary
In Crime insurance, what you know as kidnapping is called _____. - ✔✔Extortion
&Verified | 2024-2025 | 100% Score
The Business owners Policy, or BOP, is a ____ policy that can be used to cover most small low _____. -
✔✔Prepackaged, Low risk
One of the advantages of the BOP is that it is ____, which means that many of the coverage questions
have been predetermined by the insurance company which lowers the _____. - ✔✔Prepackaged,
Premium
The BOP automatically includes both ____ coverage's and ____ coverage's. - ✔✔Property and Liability
Eligible for a BOP are small to medium _____ businesses. - ✔✔Low risk
Ineligible for a BOP are high risk businesses, such as auto repair businesses, auto service stations, auto
dealers, parking garages, ____,_____,____ or ______ (no Cars, Bars, Banks or Manufacturing). - ✔✔bars,
large restaurants, banks or manufacturing businesses
The BOP offers two levels of peril power: ____(Standard) or _____. - ✔✔Basic or Special
Both the building and the _____ are automatically covered. - ✔✔Contents
The BOP standard deductible is $____. - ✔✔$500
The BOP does NOT contain a Coinsurance requirement; however, there is an incentive to purchase an
adequate amount of coverage. If you purchase at least _______, your loss settlement will be on a
Replacement Cost basis instead of on an ___ basis. - ✔✔80 percent to value, ACV
The BOP automatically provides _____, ______coverage for Loss of Income and Extra Expense. However,
there is a ______ time based deductible. - ✔✔months, 72 hour (3 Day) coverage, 72 hour (3 Day)
,The BOP has a built in peak season benefit that automatically allows for up to a __ percent increase in
business inventory without the necessity of notifying the insurance company. - ✔✔25
Optional BOP coverage's include Outdoor Signs, ____, ______, _____ , _____ and Money and Securities.
- ✔✔Employee Dishonesty, Mechanical Breakdown, Burglary and Robbery
The BOP Endorsement that gives a business a premium reduction for installing burglar alarms or fire
alarms is called Protective _____. - ✔✔Safeguards
Under the Protective Safeguards endorsement, your burglar alarm can be out of service for up to _____
without notifying the company before you lose coverage. - ✔✔48 hours (two days)
The Commercial Property module of the Commercial Package Policy excludes coverage for losses due to
boiler ____ or _____ breakdown. - ✔✔Explosion or Mechanical
The Boiler and Machinery (B and M) module is the way to _____ these Exclusions. - ✔✔Buy back
B and M policies are written on an ____ basis, not on an occurrence basis. - ✔✔Accident
The Boiler coverage is best described as ____ against _____. - ✔✔objects against accidents
The Machinery coverage of the B and M module is for the ____ and ____ breakdown of mechanical or
electrical equipment. - ✔✔sudden and accidental
______ that can be insured under a B and M policy include boilers, air conditioning units, engines,
pumps, electrical panels, turbines, and compressors. - ✔✔Objects
The B and M policy covers not only your own property, but also other people's property that is in your
___,____, and ____. - ✔✔Care, Custody and Control.
, In order to get damaged equipment repaired as soon as possible, the B and M policy pays up to $25,000
in ______. - ✔✔Expediting Expenses
Under the ______ an insurance company boiler inspector may immediately suspend coverage by giving
the Insured written notice of the boiler defect. - ✔✔Suspension Provision
Business Income and ______ coverage's can be added to the B and M policy. - ✔✔Extra Expense
Unfortunately the biggest risk that an employer has regarding Crime insurance is his/her own ___. -
✔✔Employees
As an employer you can protect yourself against employee theft by purchasing _____. - ✔✔Fidelity
Bonds
In a Fidelity Bond it is the employee that owes the obligation to the employee, so the employee is the
_____. The employer is owed the obligation, so the employer is the _____. The insurance company
agrees to pay, so it is the _____. - ✔✔Principal, Obligee, Surety or Guarantor.
Coverage on a bonded employee automatically terminates as soon as the employer becomes aware of a
_____ act of that employee that could be the basis of a claim. No second chances! - ✔✔Dishonest
A Fidelity Bond that covers multiple employees that are listed by job title and may have different
amounts of coverage for different positions is called a ____. - ✔✔Position Schedule Bond
The taking of property by violence or threat of violence from a person is called _____. - ✔✔Robbery
The taking of property from a premises that is closed and locked tight and leaving marks of forced entry
or exit is called _____. - ✔✔Burglary
In Crime insurance, what you know as kidnapping is called _____. - ✔✔Extortion
