BCN 3740 Midterm Exam Questions With
Correct Answers
HVAC, |structural, |and |electrical |have |a |___ |year |warranty |after |CO |- |CORRECT |ANSWER✔✔-3
Limits |liabilities |in |case |of |a |lawsuit |- |CORRECT |ANSWER✔✔-Workmans |Comp
Covers |negligence
Does |not |cover |Poor |Work |- |CORRECT |ANSWER✔✔-Commercial |General |Liability |Policy
A |claim |made |later |on |will |only |look |at |policies |that |you |CURRENTLY |HOLD |- |CORRECT |
ANSWER✔✔-Claims |Based |Policy
Preferred |policy
A |claim |made |later |on |(after |an |accident) |will |look |back |only |on |the |policies |you |had |active |at |
the |time |of |the |accident
Allows |holders |to |change |policies |as |needed |- |CORRECT |ANSWER✔✔-Occurance |based |policy
Covers |ongoing |construction |from |hurricanes |/ |exterior |forces
Only |for |ongoing |work
purchased |by |the |owner |- |CORRECT |ANSWER✔✔-Builders |Risk |Insurance
For |professionals |(any |individual |that |requires |a |4 |year |degree)
Because |of |this, |it |does |not |include |GC's. |- |CORRECT |ANSWER✔✔-Errors |and |Omissions |
Policies
, Does |not |cover |negligence |of |subcontractors |(If |one |subcontractor |causes |damages |to |another
|subcontractors |work) |- |CORRECT |ANSWER✔✔-Contractor |Controlled |Insurance |Program |(CCIP)
Limits |liability |
Does |not |have |a |lot |of |assets
In |the |result |of |a |lawsuit, |the |_________ |is |sued, |not |you |personally. |- |CORRECT |ANSWER✔✔-
Corporation
Spreads |out |liability |throughout |partners |- |CORRECT |ANSWER✔✔-Partnership |/ |Joint |Venture
Needed |by |a |GC
Needed |by |anyone |involved |such |as |architects |and |engineers |- |CORRECT |ANSWER✔✔-
Occupational |License
Construction |Licensing |Board
_______________ |= |State |Level |- |CORRECT |ANSWER✔✔-Registered
Construction |Licensing |Board
______________ |= |County |Level |- |CORRECT |ANSWER✔✔-Certified
_____________ |are |not |licensed, |_____________ |are. |- |CORRECT |ANSWER✔✔-Corporations, |
individuals
There |is |____ |primary |qualifier(s) |per |corporation |- |CORRECT |ANSWER✔✔-1
Can |pull |permits |and |manage |jobs. |Not |involved |in |any |financials |such |as |paying |
subcontractors. |(Super) |- |CORRECT |ANSWER✔✔-Secondary |Qualifiers
Correct Answers
HVAC, |structural, |and |electrical |have |a |___ |year |warranty |after |CO |- |CORRECT |ANSWER✔✔-3
Limits |liabilities |in |case |of |a |lawsuit |- |CORRECT |ANSWER✔✔-Workmans |Comp
Covers |negligence
Does |not |cover |Poor |Work |- |CORRECT |ANSWER✔✔-Commercial |General |Liability |Policy
A |claim |made |later |on |will |only |look |at |policies |that |you |CURRENTLY |HOLD |- |CORRECT |
ANSWER✔✔-Claims |Based |Policy
Preferred |policy
A |claim |made |later |on |(after |an |accident) |will |look |back |only |on |the |policies |you |had |active |at |
the |time |of |the |accident
Allows |holders |to |change |policies |as |needed |- |CORRECT |ANSWER✔✔-Occurance |based |policy
Covers |ongoing |construction |from |hurricanes |/ |exterior |forces
Only |for |ongoing |work
purchased |by |the |owner |- |CORRECT |ANSWER✔✔-Builders |Risk |Insurance
For |professionals |(any |individual |that |requires |a |4 |year |degree)
Because |of |this, |it |does |not |include |GC's. |- |CORRECT |ANSWER✔✔-Errors |and |Omissions |
Policies
, Does |not |cover |negligence |of |subcontractors |(If |one |subcontractor |causes |damages |to |another
|subcontractors |work) |- |CORRECT |ANSWER✔✔-Contractor |Controlled |Insurance |Program |(CCIP)
Limits |liability |
Does |not |have |a |lot |of |assets
In |the |result |of |a |lawsuit, |the |_________ |is |sued, |not |you |personally. |- |CORRECT |ANSWER✔✔-
Corporation
Spreads |out |liability |throughout |partners |- |CORRECT |ANSWER✔✔-Partnership |/ |Joint |Venture
Needed |by |a |GC
Needed |by |anyone |involved |such |as |architects |and |engineers |- |CORRECT |ANSWER✔✔-
Occupational |License
Construction |Licensing |Board
_______________ |= |State |Level |- |CORRECT |ANSWER✔✔-Registered
Construction |Licensing |Board
______________ |= |County |Level |- |CORRECT |ANSWER✔✔-Certified
_____________ |are |not |licensed, |_____________ |are. |- |CORRECT |ANSWER✔✔-Corporations, |
individuals
There |is |____ |primary |qualifier(s) |per |corporation |- |CORRECT |ANSWER✔✔-1
Can |pull |permits |and |manage |jobs. |Not |involved |in |any |financials |such |as |paying |
subcontractors. |(Super) |- |CORRECT |ANSWER✔✔-Secondary |Qualifiers
