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| Section | Weight | Objectives |
|---|---|---|
| Insuring Contractors & Construction Risks | 15% | - Contractors' Exposures - Builders Risk Insurance |
| Monitoring and Modifying Risk Plans | 5% | |
| Commercial Property Coverages | 15% | - Policy Wordings and Clauses - Business Interruption Insurance |
| Insuring Manufacturers & Distributors | 15% | |
| Introduction to Commercial Insurance | 10% | |
| Commercial Liability Coverages | 15% | - General Liability - Errors and Omissions |
| Specialty Lines: Auto, Crime, and Surety Bonds | 10% | |
| Risk Management Principles | 15% | - Developing Risk Management Plans - Analyzing Risk Exposures - Selecting Risk Management Techniques |
How is a party treated when added to a liability policy as an additional named insured?
Correct Answer: B 🗳️
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Alberta Trucking Company frequently transports material back and forth from Canada to the United States. It employs over forty truckers, who, upon hiring, have criminal and reference checks completed. A trucker, transporting general freight, has recently been stopped at the border by a United States customs agent, who refuses to let him through. What is the likely reason for the custom agent's refusal?
Correct Answer: B 🗳️
Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).
A manufacturer had multiple experiences of missing inventory and suspects an employee may be involved.
Which coverage would a broker recommend for future occurrences?
Correct Answer: B 🗳️
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A group of stockholders is bringing a class action lawsuit, stating that the finances of the corporation in which they hold stock are being mismanaged. Which policy would likely respond to such a lawsuit?
Correct Answer: D 🗳️
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Which exclusion on the contractors' equipment floater applies to loss or damage caused by breaking through ice or sinking in soft ground?
Correct Answer: D 🗳️
Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).
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