Question 1

Robbery insurance covers financial loss resulting from

Accepted Answer

A)   any illegal taking of property.
B)   theft only with forcible entry.
C)   theft only with the threat of bodily harm.
D)   none of the above.E) C) and D)
F) All of the above

Question 2

Losses resulting from employee lawsuits charging discrimination or sexual harassment are covered by

Accepted Answer

A)   employee liability insurance.
B)   key executive insurance.
C)   workers' compensation.
D)   officers' and directors' insurance.E) B) and C)
F) All of the above

Question 3

Workers' compensation insurance is

Accepted Answer

A)   required for all companies with one or more employees.
B)   required for all companies with more than five employees.
C)   not required by law.
D)   governed by state laws and benefits vary greatly.E) None of the above
F) A) and D)

Question 4

If inventory is damaged while being transported by truck, plane, or train, this is covered by

Accepted Answer

A)   inland marine insurance.
B)   product liability insurance.
C)   ocean marine insurance.
D)   comprehensive vehicle insurance.E) B) and C)
F) A) and B)

Question 5

Workers' compensation provides income and payments for medical expenses to workers who are injured in job-related accidents.

Accepted Answer

A) True 
 B)False

Question 6

If a company vehicle hits and damages a home, this loss is covered if the company has

Accepted Answer

A)   collision vehicle insurance.
B)   liability vehicle insurance.
C)   comprehensive vehicle insurance.
D)   uninsured motorist insurance.E) A) and B)
F) A) and C)

Question 7

The four general categories of insurance are property, liability, earnings, and health/disability/life.

Accepted Answer

A) True 
 B)False

Question 8

Controllable risks are those that are

Accepted Answer

A)   preventable.
B)   insurable.
C)   easy to identify.
D)   not likely to happen.E) A) and B)
F) A) and C)

Question 9

If a company is temporarily closed, the financial losses would be covered by

Accepted Answer

A)   bad-debt insurance.
B)   premises and operations insurance.
C)   completed operations insurance.
D)   business-interruption insurance.E) A) and B)
F) All of the above

Question 10

Workers' compensation provides income and payments for medical expenses to workers who

Accepted Answer

A)   are injured in job-related accidents.
B)   develop terminal illnesses.
C)   have families.
D)   do not have their own medical insurance.E) None of the above
F) All of the above

Question 11

If inventory is damaged while being transported by ship, this is covered by

Accepted Answer

A)   bad-debt insurance.
B)   product liability insurance.
C)   ocean marine insurance.
D)   comprehensive vehicle insurance.E) A) and B)
F) B) and D)

Question 12

Suppose an employee for XYZ Company causes a traffic accident while driving the company van. XYZ's van sustains $3,000 in damages. The repair costs would be covered if XYZ had

Accepted Answer

A)   collision vehicle insurance.
B)   liability vehicle insurance.
C)   comprehensive vehicle insurance.
D)   uninsured motorist insurance.E) B) and D)
F) C) and D)

Question 13

Employee liability insurance covers claims resulting from employee lawsuits charging discrimination or sexual harassment.

Accepted Answer

A) True 
 B)False

Question 14

Fire, flood, and earthquake insurance are types of ___ insurance.

Accepted Answer

A)   property
B)   liability
C)   earnings
D)   fidelityE) A) and B)
F) B) and C)

Question 15

Suppose someone is injured using a lawn mower and sues the manufacturer. Any claims would be covered if the manufacturer had

Accepted Answer

A)   surety bonds.
B)   product liability insurance.
C)   premises and operations insurance.
D)   disability insurance.E) C) and D)
F) A) and D)

Exam 5: Insurance

Robbery insurance covers financial loss resulting from

Correct Answer
verified

Controllable risks are those that are

Correct Answer
verified

If a company vehicle hits and damages a home, this loss is covered if the company has

Correct Answer
verified

If inventory is damaged while being transported by ship, this is covered by

Correct Answer
verified

Workers' compensation insurance is

Correct Answer
verified

Suppose someone is injured using a lawn mower and sues the manufacturer. Any claims would be covered if the manufacturer had

Correct Answer
verified

Employee liability insurance covers claims resulting from employee lawsuits charging discrimination or sexual harassment.

Correct Answer
verified

Fire, flood, and earthquake insurance are types of ___ insurance.

Correct Answer
verified

If inventory is damaged while being transported by truck, plane, or train, this is covered by

Correct Answer
verified

Workers' compensation provides income and payments for medical expenses to workers who are injured in job-related accidents.

Correct Answer
verified

Workers' compensation provides income and payments for medical expenses to workers who

Correct Answer
verified

Losses resulting from employee lawsuits charging discrimination or sexual harassment are covered by

Correct Answer
verified

Suppose an employee for XYZ Company causes a traffic accident while driving the company van. XYZ's van sustains $3,000 in damages. The repair costs would be covered if XYZ had

Correct Answer
verified

The four general categories of insurance are property, liability, earnings, and health/disability/life.

Correct Answer
verified

If a company is temporarily closed, the financial losses would be covered by

Correct Answer
verified

Exam 5: Insurance

Robbery insurance covers financial loss resulting from

Correct AnswerverifiedShow Answer

Controllable risks are those that are

Correct AnswerverifiedShow Answer

If a company vehicle hits and damages a home, this loss is covered if the company has

Correct AnswerverifiedShow Answer

If inventory is damaged while being transported by ship, this is covered by

Correct AnswerverifiedShow Answer

Workers' compensation insurance is

Correct AnswerverifiedShow Answer

Suppose someone is injured using a lawn mower and sues the manufacturer. Any claims would be covered if the manufacturer had

Correct AnswerverifiedShow Answer

Employee liability insurance covers claims resulting from employee lawsuits charging discrimination or sexual harassment.

Correct AnswerverifiedShow Answer

Fire, flood, and earthquake insurance are types of ___ insurance.

Correct AnswerverifiedShow Answer

If inventory is damaged while being transported by truck, plane, or train, this is covered by

Correct AnswerverifiedShow Answer

Workers' compensation provides income and payments for medical expenses to workers who are injured in job-related accidents.

Correct AnswerverifiedShow Answer

Workers' compensation provides income and payments for medical expenses to workers who

Correct AnswerverifiedShow Answer

Losses resulting from employee lawsuits charging discrimination or sexual harassment are covered by

Correct AnswerverifiedShow Answer

Suppose an employee for XYZ Company causes a traffic accident while driving the company van. XYZ's van sustains $3,000 in damages. The repair costs would be covered if XYZ had

Correct AnswerverifiedShow Answer

The four general categories of insurance are property, liability, earnings, and health/disability/life.

Correct AnswerverifiedShow Answer

If a company is temporarily closed, the financial losses would be covered by

Correct AnswerverifiedShow Answer

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