Ains 103 Study guides, Class notes & Summaries

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Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one of the following types of liability loss? ...

AINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already PassedAINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already PassedAINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already PassedAINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already PassedAINS 103 | (...

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Loss exposure - ANS-Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Property loss exposure - ANS-A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) - ANS-Tangible property consisting of land, all structures permanently attache...

AINS 103 Study Guide (Latest 2023/ 2024 Update) Exploring Commercial Insurance | Complete with Questions and Verified Answers| 100% Correct| Grade A Q: Marine insurance includes both ocean and inland marine coverage in the U.S. only Answer: TRUE Q: Disease thought to be caused by work or the work environment. Answer: Occupational disease Q: A description of the property insured would be located on the ________ _____ of a CPP Answer: Declarations page Q: ...

AINS 103 (Latest 2023/ 2024 Update) Exploring Commercial Insurance Exam Practice Questions and Verified Answers| 100% Correct| Grade A Q: 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. Purchasing garage keepers insurance. C. Lowering the physical damage deductible under its business auto insurance. D. Raising liability limits under its business auto insurance. ...

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AINS 103 Ch.1, Ains 103 Ch.2, Ains 103 ch.3, Ains 103 Ch.4, AINS 103 Ch.5, Ains 103 Ch. 6 Combined Sets Questions With Correct Verified Answers Commercial property loss exposures - ANSWER any condition that presents the possibility that an organization will sustain a loss resulting from damage or theft of its prop What is the most important elements of commerical property loss exposures that matter the most to insurance prof - ANSWER causes of loss, property exposed to loss, fina...