AINS 103 2025/2026 Exam Questions
with 100% Correct Answers | Latest
Update
Which one of the following best describes real property?
Select one:
A. Property being shipped to or from others.
B. Business personal property that includes furniture, machinery and
equipment, and stock/inventory.
C. Tangible property that includes land, structures permanently attached to
the land, and whatever is growing on the land.
D. Vehicles, merchandise, furniture, tools, and similar items. - 🧠ANSWER
✔✔C. Tangible property that includes land, structures permanently
attached to the land, and whatever is growing on the land.
,Extra expenses are expenses, in addition to ordinary expenses, that an
organization incurs to mitigate the effects of a business interruption. Which
one of the following is an example of an extra expense?
Select one:
A. Cost to rent temporary office space
B. Insurance premiums
C. Debt repayments
D. Payroll of key employees - 🧠ANSWER ✔✔A. Cost to rent temporary
office space
Upon entering a restaurant, a customer grasped a handrail that broke off,
causing the customer to fall and break his wrist. This is an example of
which one of the following types of commercial general liability loss?
Select one:
A. Premises and operations liability
B. Personal and advertising injury liability
C. Absolute liability
,D. Products and completed operations liability - 🧠ANSWER ✔✔A. Premises
and operations liability
The liability loss exposure that exists when an organization is legally
responsible for bodily injury or property damage caused by an accident that
occurs on an organization's owned, leased, or rented property is
Select one:
A. Professional liability.
B. Property liability.
C. Operations liability.
D. Premises and operations liability. - 🧠ANSWER ✔✔D. Premises and
operations liability.
Automobile liability exposures can result from
Select one:
A. Damage to or destruction of an owned vehicle.
B. Loss of use of an owned automobile.
C. Workers compensation laws.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, D. Hiring or borrowing an automobile. - 🧠ANSWER ✔✔D. Hiring or
borrowing an automobile.
To be covered under a workers compensation statute, an injury or disease
(in most states) must meet which one of the following requirements?
Select one:
A. Result from the employer's negligence
B. Occur away from the regular work premises
C. Arise out of employees' job-related injuries and diseases
D. Result in total disability - 🧠ANSWER ✔✔C. Arise out of employees' job-
related injuries and diseases
Cyber risk intellectual property loss exposures include
Select one:
A. Cyber extortion of trade secrets.
B. Personal and advertising injury liability.
C. Loss to tangible property.
D. Property damage liability. - 🧠ANSWER ✔✔A. Cyber extortion of trade
secrets.
with 100% Correct Answers | Latest
Update
Which one of the following best describes real property?
Select one:
A. Property being shipped to or from others.
B. Business personal property that includes furniture, machinery and
equipment, and stock/inventory.
C. Tangible property that includes land, structures permanently attached to
the land, and whatever is growing on the land.
D. Vehicles, merchandise, furniture, tools, and similar items. - 🧠ANSWER
✔✔C. Tangible property that includes land, structures permanently
attached to the land, and whatever is growing on the land.
,Extra expenses are expenses, in addition to ordinary expenses, that an
organization incurs to mitigate the effects of a business interruption. Which
one of the following is an example of an extra expense?
Select one:
A. Cost to rent temporary office space
B. Insurance premiums
C. Debt repayments
D. Payroll of key employees - 🧠ANSWER ✔✔A. Cost to rent temporary
office space
Upon entering a restaurant, a customer grasped a handrail that broke off,
causing the customer to fall and break his wrist. This is an example of
which one of the following types of commercial general liability loss?
Select one:
A. Premises and operations liability
B. Personal and advertising injury liability
C. Absolute liability
,D. Products and completed operations liability - 🧠ANSWER ✔✔A. Premises
and operations liability
The liability loss exposure that exists when an organization is legally
responsible for bodily injury or property damage caused by an accident that
occurs on an organization's owned, leased, or rented property is
Select one:
A. Professional liability.
B. Property liability.
C. Operations liability.
D. Premises and operations liability. - 🧠ANSWER ✔✔D. Premises and
operations liability.
Automobile liability exposures can result from
Select one:
A. Damage to or destruction of an owned vehicle.
B. Loss of use of an owned automobile.
C. Workers compensation laws.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, D. Hiring or borrowing an automobile. - 🧠ANSWER ✔✔D. Hiring or
borrowing an automobile.
To be covered under a workers compensation statute, an injury or disease
(in most states) must meet which one of the following requirements?
Select one:
A. Result from the employer's negligence
B. Occur away from the regular work premises
C. Arise out of employees' job-related injuries and diseases
D. Result in total disability - 🧠ANSWER ✔✔C. Arise out of employees' job-
related injuries and diseases
Cyber risk intellectual property loss exposures include
Select one:
A. Cyber extortion of trade secrets.
B. Personal and advertising injury liability.
C. Loss to tangible property.
D. Property damage liability. - 🧠ANSWER ✔✔A. Cyber extortion of trade
secrets.
