Six stories
To be eligible for business owners policy also known as BOP coverage, and office building cannot be higher than
A self contained prepackaged policy
A business owner policy is
A six story office building with less than 100,000 ft.� total area
Which of the following is eligible for a business owner's policy?
Homeowners
A BOP is most similar to
Hill and Morton funeral home
Which of the following businesses would be eligible for a business owners policy?
Condominiums
Which of the following risk is eligible for coverage under business owners policy?
72 hours
Business income additional coverage in a business owners policy, but waiting. That must occur before the period every story should me to begin is
Extra expenses
Expenses that an organization would not have incurred if business interruption had not existed is known as
30 days
Under the additional coverages of a business where is policy, property removed to protective for mass will be covered at another location for up to
$10,000 in any 12 month period
The pollutant cleanup and removal coverage in the business owners policy has a limit of
This coverage limit piece in place of the limit of insurance shown in the declarations
All of the following statements are true regarding fire department service charge additional coverage under the business owners policy except
A union strike of construction workers causes the repair of the insured's building to be delayed for some time
A business income coverage form would cover all of the following situations except
$2500
What is the limit for the forgery or alteration coverage in the business owners policy
25%
If the actual values exceed the limit of insurance, the business owners policy contains a seasonal increase provision that automatically increases the limit of insurance for business personal property by
The method of transferring the owners rights
The cancellation provision in a business owners policy specifies all of the following except
10 days
Under business owners policy section 1, if an insured wants to nonrenew a policy, how many days before the expiration date must the insured notify the mortgage holder?
Appraisal
Following a property laws that is covered under a business owners policy, if the insurer and insured cannot agree on the mount of loss, what method is used to resolve that issue?
Valuable papers and records
Which of the following is not settled on an actual cash value bases were covered under the business property coverage form?
Worker's Compensation
Which of the following is not an optional coverage available in a business owners policy?
The coinsurance formula would apply
A company has a business owners policy on a building with an estimated replacement cost of $300,000. The company carries $150,000 of insurance. If a loss occurs, how much will the insured company be paid?
Reconstruct for the insurer a timeline of activities leading up to the loss for use in an investigation
After a loss, and insured covered by business property coverage is not required to
The mortgage holder must petition the state department of insurance for named status
According to business owners policy section 1, which of the following is not a condition to be met for the terms of the policy to apply to mortgage holders?
30 days
Under business owners policy section 1, if an insured wants to cancel a policy for any reason except nonpayment of premium, how many days before the effect of cancellation date must the insurer notify the mortgage holder?
Securities
According to the business owners policy definitions, which of the following does not mean valuable papers and records?
It provides coverage for all employees, even those employees who were terminated in the past 90 days
All of the following statements are true regarding employee dishonesty optional coverage under the business owners policy except
Leakage from fire extinguishing equipment
Which of the following is defined as a covered cause of loss in business owners property coverage?
Mental health counseling
All of the following would be covered under the medical expense coverage of a business owners policy except
Business owners liability coverage form
The liability coverage of the business owners policy was written on a
Owned watercraft 53 feet long
Which of the following watercraft will not be covered by business liability insurance?
Mental health counseling
All of the following would be covered under the medical expense coverage of a business owners policy except
Yes, none of the exclusions will apply
An advertising company has its annual holiday party for employees and customers, after which customer who had too much to drink is involved in an automobile accident. Occupants of the other car involved in the accident sue the company for serving the cust
One year
The business owners policy liability coverage will pay for necessary medical expenses of others incurred within what maximum time.?
The limited liability company is Designated as the named insured
The members of a limited liability company our insurance under a business owners policy if
Per person
Which of the following limits, shown in the declarations of a policy, applies to medical expenses?
The limited liability company is designated as the name insured
The members of limited liability company are insured under a business owners policy
Transfer of rights and duties under the policy
Which common policy condition prohibits the insured from charging the rights or duties as defined under the policy to any other person or entity without the written consent of the insurance company?
The insured does not have the right to inspect the insureds property and operations
Under a business owners policy, the inspections and surveys condition specifies all of the following except
Liberalization clause
I'll policy condition that states apple policy has broadened with no additional premium, then the expanded coverage will be automatically applied to our policies of the same type is known as
During the policy period and for up to three years after the termination of the policy
Under the examinations of books and records condition, the insurance company has the right to examine and audit the insured's books and records related to the policy
The limited liability company is designated as the named insured
The members of a limited liability company our insureds under a business owners policy
Allows the insurer the right to inspect insured premises
The inspections and surveys condition and a business owner's policy
Providing specific details regarding an occurrence
Which of the following would be the insured student and their bins of a loss according to the duties and event of occurrence, clean, or suit condition
At any time by mailing a written notice of cancellation
Under a business owners policy, and insured can cancel the policy
Employers liability
In addition to the common policy conditions, all of the following conditions apply to liability coverage except
Six stories
To be eligible for business owners policy also known as BOP coverage, and office building cannot be higher than
A self contained prepackaged policy
A business owner policy is
A six story office building with less than 100,000 ft.� total area
Which of the following is eligible for a business owner's policy?
Homeowners
A BOP is most similar to
Hill and Morton funeral home
Which of the following businesses would be eligible for a business owners policy?
Condominiums
Which of the following risk is eligible for coverage under business owners policy?
72 hours
Business income additional coverage in a business owners policy, but waiting. That must occur before the period every story should me to begin is
Extra expenses
Expenses that an organization would not have incurred if business interruption had not existed is known as
30 days
Under the additional coverages of a business where is policy, property removed to protective for mass will be covered at another location for up to
$10,000 in any 12 month period
The pollutant cleanup and removal coverage in the business owners policy has a limit of
This coverage limit piece in place of the limit of insurance shown in the declarations
All of the following statements are true regarding fire department service charge additional coverage under the business owners policy except
A union strike of construction workers causes the repair of the insured's building to be delayed for some time
A business income coverage form would cover all of the following situations except
$2500
What is the limit for the forgery or alteration coverage in the business owners policy
25%
If the actual values exceed the limit of insurance, the business owners policy contains a seasonal increase provision that automatically increases the limit of insurance for business personal property by
The method of transferring the owners rights
The cancellation provision in a business owners policy specifies all of the following except
10 days
Under business owners policy section 1, if an insured wants to nonrenew a policy, how many days before the expiration date must the insured notify the mortgage holder?
Appraisal
Following a property laws that is covered under a business owners policy, if the insurer and insured cannot agree on the mount of loss, what method is used to resolve that issue?
Valuable papers and records
Which of the following is not settled on an actual cash value bases were covered under the business property coverage form?
Worker's Compensation
Which of the following is not an optional coverage available in a business owners policy?
The coinsurance formula would apply
A company has a business owners policy on a building with an estimated replacement cost of $300,000. The company carries $150,000 of insurance. If a loss occurs, how much will the insured company be paid?
Reconstruct for the insurer a timeline of activities leading up to the loss for use in an investigation
After a loss, and insured covered by business property coverage is not required to
The mortgage holder must petition the state department of insurance for named status
According to business owners policy section 1, which of the following is not a condition to be met for the terms of the policy to apply to mortgage holders?
30 days
Under business owners policy section 1, if an insured wants to cancel a policy for any reason except nonpayment of premium, how many days before the effect of cancellation date must the insurer notify the mortgage holder?
Securities
According to the business owners policy definitions, which of the following does not mean valuable papers and records?
It provides coverage for all employees, even those employees who were terminated in the past 90 days
All of the following statements are true regarding employee dishonesty optional coverage under the business owners policy except
Leakage from fire extinguishing equipment
Which of the following is defined as a covered cause of loss in business owners property coverage?
Mental health counseling
All of the following would be covered under the medical expense coverage of a business owners policy except
Business owners liability coverage form
The liability coverage of the business owners policy was written on a
Owned watercraft 53 feet long
Which of the following watercraft will not be covered by business liability insurance?
Mental health counseling
All of the following would be covered under the medical expense coverage of a business owners policy except
Yes, none of the exclusions will apply
An advertising company has its annual holiday party for employees and customers, after which customer who had too much to drink is involved in an automobile accident. Occupants of the other car involved in the accident sue the company for serving the cust
One year
The business owners policy liability coverage will pay for necessary medical expenses of others incurred within what maximum time.?
The limited liability company is Designated as the named insured
The members of a limited liability company our insurance under a business owners policy if
Per person
Which of the following limits, shown in the declarations of a policy, applies to medical expenses?
The limited liability company is designated as the name insured
The members of limited liability company are insured under a business owners policy
Transfer of rights and duties under the policy
Which common policy condition prohibits the insured from charging the rights or duties as defined under the policy to any other person or entity without the written consent of the insurance company?
The insured does not have the right to inspect the insureds property and operations
Under a business owners policy, the inspections and surveys condition specifies all of the following except
Liberalization clause
I'll policy condition that states apple policy has broadened with no additional premium, then the expanded coverage will be automatically applied to our policies of the same type is known as
During the policy period and for up to three years after the termination of the policy
Under the examinations of books and records condition, the insurance company has the right to examine and audit the insured's books and records related to the policy
The limited liability company is designated as the named insured
The members of a limited liability company our insureds under a business owners policy
Allows the insurer the right to inspect insured premises
The inspections and surveys condition and a business owner's policy
Providing specific details regarding an occurrence
Which of the following would be the insured student and their bins of a loss according to the duties and event of occurrence, clean, or suit condition
At any time by mailing a written notice of cancellation
Under a business owners policy, and insured can cancel the policy
Employers liability
In addition to the common policy conditions, all of the following conditions apply to liability coverage except