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| Section | Objectives |
|---|---|
| Topic 1: Risk Management | - Analyzing risk exposures - Insurance in a risk management plan - Monitoring and modifying risk management plans - Selecting risk techniques |
| Topic 2: Specialized Insurance Lines | - Automobile insurance - Crime and bonds - Manufacturers, distributors, freight forwarders - Contractors insurance - Builders risk insurance |
| Topic 3: Liability Insurance | - Commercial and general liability concepts |
| Topic 4: Property Insurance Coverages | - Property coverages fundamentals |
Which person would be hired by another contractor, because of her experience in a particular trade, to complete a portion of a larger project?
Correct Answer: B 🗳️
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In risk management, how can a risk be transferred?
Correct Answer: A 🗳️
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Graham works at a brokerage where responsibilities are divided among the staff. His daily work consists of analyzing quotations and creating client proposals. What is his role?
Correct Answer: D 🗳️
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What does the permissions clause in a building insurance policy allow the insured to do?
Correct Answer: A 🗳️
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What is the intent of a cross liability clause found in a commercial general liability (CGL) policy?
Correct Answer: B 🗳️
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