Caib 2 checkpoints Study guides, Class notes & Summaries

CAIB 2 – Checkpoints (Comprehensive Study Guide) Last document update:   ago

CAIB 2 – Checkpoints (Comprehensive Study Guide)

CAIB 2 - Checkpoints exam 2024 with 100% correct answers Last document update:   ago

Identify 3 classes of property insured by commercial property insurance policies Building, Equipment, Stock Identify 2 ways used to insure commercial property and a brief explanation of each Scheduled coverage: only that property specifically identified or scheduled on the policy is insured All Property (formerly POED) a single limit of insurance is provided for building, stock, and equipment. Brainpower Read More 0:03 / 0:15 Scheduled Coverage refers to the policy on wh...

CAIB 2 - Checkpoints exam 2024 with 100% correct answers Last document update:   ago

CAIB 2 - Checkpoints exam 2024 with 100% correct answers What are two factors to consider when deciding which form of business interruption insurance to purchase? - correct answer i) Nature of business ii) Types of perils most likely to cause losses When using old financial statements to establish amount of insurance, what problems could be encountered? - correct answer Clients may be underinsured because future trends were not considered What type of employee salaries may not be considered a