Matching
Match the term with its definition. Some terms may not be used.
Premises:
Coverage for general liability loss exposure
The criminal transfer of funds from a bank account
The typical standard of care, based on what a reasonable or prudent person would have done under similar circumstances
Coverage that provides benefits to a firm upon the death of key personnel
Coverage that reimburses a business for the loss of anticipated income following the interruption of business operations
Risks that directly affect individual employees but may have an indirect impact on a business as well
A policy for small businesses that do not qualify for a BOP that combines property insurance, commercial general lability insurance, and crime insurance
A negligent act that is the clear cause of damages sustained
Coverage that provides benefits to employees injured at work
A business version of a homeowner's policy designed to meet the property and general liability insurance needs of some small business owners
Responses:
Business owner's policy
Proximate cause
Disability insurance
Package policy
Commercial general liability insurance
Funds transfer fraud
Personnel risks
Workers' compensation insurance
Business interruption insurance
Reasonable standard
Key-person life insurance
Correct Answer:
Premises:
Responses:
Risks that directly affect individual employees but may have an indirect impact on a business as well
Personnel risks
Coverage that provides benefits to a firm upon the death of key personnel
Key-person life insurance
Coverage that reimburses a business for the loss of anticipated income following the interruption of business operations
Business interruption insurance
Coverage that provides benefits to employees injured at work
Workers' compensation insurance
A negligent act that is the clear cause of damages sustained
Proximate cause
Coverage for general liability loss exposure
Commercial general liability insurance
A policy for small businesses that do not qualify for a BOP that combines property insurance, commercial general lability insurance, and crime insurance
Package policy
The criminal transfer of funds from a bank account
Funds transfer fraud
The typical standard of care, based on what a reasonable or prudent person would have done under similar circumstances
Reasonable standard
A business version of a homeowner's policy designed to meet the property and general liability insurance needs of some small business owners
Business owner's policy
Premises:
Risks that directly affect individual employees but may have an indirect impact on a business as well
Coverage that provides benefits to a firm upon the death of key personnel
Coverage that reimburses a business for the loss of anticipated income following the interruption of business operations
Coverage that provides benefits to employees injured at work
A negligent act that is the clear cause of damages sustained
Coverage for general liability loss exposure
A policy for small businesses that do not qualify for a BOP that combines property insurance, commercial general lability insurance, and crime insurance
The criminal transfer of funds from a bank account
The typical standard of care, based on what a reasonable or prudent person would have done under similar circumstances
A business version of a homeowner's policy designed to meet the property and general liability insurance needs of some small business owners
Responses:
Personnel risks
Key-person life insurance
Business interruption insurance
Workers' compensation insurance
Proximate cause
Commercial general liability insurance
Package policy
Funds transfer fraud
Reasonable standard
Business owner's policy
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