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What does BOP Building Coverage include regarding construction?
Completed additions
Parking lots
Temporary structures
Landscaping
Browse your cards here, or sign up to study with spaced repetition.
Which of the following is NOT included in BOP Building Coverage?
Alterations and repairs
Losses from enforcement of a building ordinance
Permanently installed machinery
Personal property used to maintain buildings
Browse your cards here, or sign up to study with spaced repetition.
What type of personal property does BOP cover?
Property owned and used by the insured in the business
Personal property of employees
Real estate owned by the insured
Customers' property
Browse your cards here, or sign up to study with spaced repetition.
Which of the following is an exclusion under BOP?
Water damage
Theft
Fire damage
Earth movement
Browse your cards here, or sign up to study with spaced repetition.
What is included in BOP Personal Property?
Tenants' improvements and betterments
Vehicles owned by the insured
Real estate
Property of customers
Browse your cards here, or sign up to study with spaced repetition.
Which of the following is covered by BOP Building Coverage?
Inventory
Permanently installed machinery and equipment
Vehicles
Accounts receivable
Browse your cards here, or sign up to study with spaced repetition.
What type of water damage is excluded under BOP?
Firefighting efforts
Sewer backup
Flood
Rain damage
Browse your cards here, or sign up to study with spaced repetition.
Which of the following is a type of property covered under BOP Personal Property?
Leased personal property that the insured has a contractual responsibility to insure
Customers' property
Real estate
Business vehicles
Browse your cards here, or sign up to study with spaced repetition.
What is the maximum coverage for forgery or alteration under BOP Additional Coverages?
$5,000
$1,000
$10,000
$2,500
Browse your cards here, or sign up to study with spaced repetition.
What is the limit for business income from dependent properties under BOP Additional Coverages?
$5,000
$10,000
$2,500
$1,000
Browse your cards here, or sign up to study with spaced repetition.
What is the coverage limit for fungi, wet rot, dry rot, and bacteria?
$10,000
$5,000
$15,000
$2,500
Browse your cards here, or sign up to study with spaced repetition.
How much coverage is provided for electronic data per policy period?
$10,000
$2,500
$15,000
$5,000
Browse your cards here, or sign up to study with spaced repetition.
What is the coverage for debris removal under BOP Additional Coverages?
$5,000
25% of the loss plus additional $25,000 if loss exceeds policy limits
50% of the loss
$10,000
Browse your cards here, or sign up to study with spaced repetition.
What triggers coverage for loss of business income?
Caused by a covered peril
Caused by employee theft
Caused by natural disasters
Caused by civil unrest
Browse your cards here, or sign up to study with spaced repetition.
When does the coverage for action of civil authority begin?
24 hours after the action
Immediately after the action
48 hours after the action
72 hours after the action
Browse your cards here, or sign up to study with spaced repetition.
What types of damage are covered under collapse?
Flooding, vandalism, explosion
Natural disasters, fire, theft
Building glass breakage, hidden decay, hidden insect damage, weight of people or property, weight of rain or snow
Earthquake, windstorm, hail
Browse your cards here, or sign up to study with spaced repetition.
What is the limit for money orders and counterfeit money?
$2,500
$1,000
$5,000
$10,000
Browse your cards here, or sign up to study with spaced repetition.
What is the maximum coverage for pollutant cleanup per policy period?
$20,000
$15,000
$5,000
$10,000
Browse your cards here, or sign up to study with spaced repetition.
How long is the preservation of property covered?
45 days
15 days
30 days
60 days
Browse your cards here, or sign up to study with spaced repetition.
What is the fire department service charge covered up to?
$3,000
$2,000
$2,500
$1,500
Browse your cards here, or sign up to study with spaced repetition.
What is the coverage for water or other liquid material damage excluding flood?
Partial coverage
No coverage
Not flood
Full coverage
Browse your cards here, or sign up to study with spaced repetition.
What is the coverage limit for fire extinguisher recharge per occurrence?
$4,000
$5,000
$3,000
$2,000
Browse your cards here, or sign up to study with spaced repetition.
What is the coverage limit for newly acquired buildings?
$150,000
$300,000
$250,000
$200,000
Browse your cards here, or sign up to study with spaced repetition.
What is the maximum coverage for personal property of others on the premises?
$2,500
$1,500
$3,000
$4,000
Browse your cards here, or sign up to study with spaced repetition.
What is the standard deductible amount?
$750
$250
$500
$1,000
Browse your cards here, or sign up to study with spaced repetition.
What must be discovered for employee dishonesty coverage?
Only during the policy period
Only after expiration
No conditions apply
While policy in force or within one year after expiration
Browse your cards here, or sign up to study with spaced repetition.
What is covered under personal and advertising injury in insurance policies?
Injury to employees
Injury occurring during the policy period and territory
Injury outside the United States
Injury caused by natural disasters
Browse your cards here, or sign up to study with spaced repetition.
What is the limit for bail bond expenses covered by supplementary payments?
$250
$500
$1,000
$100
Browse your cards here, or sign up to study with spaced repetition.
Which of the following is NOT an exclusion for bodily injury and property damage?
Expected or intended injury
Injury to employees during work
Damage to property owned by the insured
Pollutants cleanup costs
Browse your cards here, or sign up to study with spaced repetition.
What is the duration for medical payments coverage after an accident?
One year
Two years
Indefinitely
Six months
Browse your cards here, or sign up to study with spaced repetition.
Which of the following is an exclusion for personal and advertising injury?
Intentional personal and advertising injury
Accidental personal injury
Injury from advertising
Injury caused by negligence
Browse your cards here, or sign up to study with spaced repetition.
What type of injury is excluded under liquor liability?
Injury from consuming alcohol
Injury from serving alcohol
Injury from manufacturing alcoholic beverages
Injury from selling alcohol
Browse your cards here, or sign up to study with spaced repetition.
What expenses does the insurance cover for assisting in investigating a claim?
Only legal fees
Expenses only for court appearances
All expenses without limit
Reasonable expenses incurred at the insurance company's request
Browse your cards here, or sign up to study with spaced repetition.
What is the coverage limit for lost earnings due to time off from work?
$150 per day
$250 per day
$100 per day
$300 per day
Browse your cards here, or sign up to study with spaced repetition.
What does the failure of goods, products, or services to conform with advertised quality lead to?
Claims for advertising injury
Claims for personal injury
Claims for property damage
Claims for bodily injury
Browse your cards here, or sign up to study with spaced repetition.
Who is included as a named insured in a partnership?
Only the managers
Spouses of the partners
Only the partners
Only the employees
Browse your cards here, or sign up to study with spaced repetition.
What is the limit per occurrence for bodily injury and property damage?
Aggregate limit
Per occurrence limit
No-fault limit
Per person limit
Browse your cards here, or sign up to study with spaced repetition.
What type of damage does the utility services-direct damage endorsement cover?
Damage caused by interruption of utility services
Personal injury claims
Bodily injury
Property damage from fire
Browse your cards here, or sign up to study with spaced repetition.
What happens if protective safeguards are not working and the insurer is not notified?
Coverage is provided for damages only
Full coverage is provided
Partial coverage is provided
No coverage is provided
Browse your cards here, or sign up to study with spaced repetition.
What does the aggregate limit cover in a policy period?
Products and completed operations aggregate
Bodily injury claims
Fire legal claims
Personal injury claims
Browse your cards here, or sign up to study with spaced repetition.
Who can be considered an insured if the named insured is deceased?
The named insured's employees
The named insured's representative
The named insured's spouse
The business partners
Browse your cards here, or sign up to study with spaced repetition.
What is the limit for no-fault medical payments?
Limit per person
Limit per organization
Limit per occurrence
Aggregate limit
Browse your cards here, or sign up to study with spaced repetition.
What is liability for rented, leased, or borrowed autos?
No liability at all
Liability only for owned vehicles
Liability for personal injuries only
Liability for damages caused by these vehicles
Browse your cards here, or sign up to study with spaced repetition.
When does liability apply for employee-owned vehicles?
When the vehicle is borrowed from a friend
When the vehicle is owned by the employee
When the vehicle is used for personal errands
When the business has no commercial auto insurance
Browse your cards here, or sign up to study with spaced repetition.
What does BOP Building Coverage include regarding construction?
Completed additions
Parking lots
Temporary structures
Landscaping
Which of the following is NOT included in BOP Building Coverage?
Alterations and repairs
Losses from enforcement of a building ordinance
Permanently installed machinery
Personal property used to maintain buildings
What type of personal property does BOP cover?
Property owned and used by the insured in the business
Personal property of employees
Real estate owned by the insured
Customers' property
Which of the following is an exclusion under BOP?
Water damage
Theft
Fire damage
Earth movement
What is included in BOP Personal Property?
Tenants' improvements and betterments
Vehicles owned by the insured
Real estate
Property of customers
Which of the following is covered by BOP Building Coverage?
Inventory
Permanently installed machinery and equipment
Vehicles
Accounts receivable
What type of water damage is excluded under BOP?
Firefighting efforts
Sewer backup
Flood
Rain damage
Which of the following is a type of property covered under BOP Personal Property?
Leased personal property that the insured has a contractual responsibility to insure
Customers' property
Real estate
Business vehicles
What is the maximum coverage for forgery or alteration under BOP Additional Coverages?
$5,000
$1,000
$10,000
$2,500
What is the limit for business income from dependent properties under BOP Additional Coverages?
$5,000
$10,000
$2,500
$1,000
What is the coverage limit for fungi, wet rot, dry rot, and bacteria?
$10,000
$5,000
$15,000
$2,500
How much coverage is provided for electronic data per policy period?
$10,000
$2,500
$15,000
$5,000
What is the coverage for debris removal under BOP Additional Coverages?
$5,000
25% of the loss plus additional $25,000 if loss exceeds policy limits
50% of the loss
$10,000
What triggers coverage for loss of business income?
Caused by a covered peril
Caused by employee theft
Caused by natural disasters
Caused by civil unrest
When does the coverage for action of civil authority begin?
24 hours after the action
Immediately after the action
48 hours after the action
72 hours after the action
What types of damage are covered under collapse?
Flooding, vandalism, explosion
Natural disasters, fire, theft
Building glass breakage, hidden decay, hidden insect damage, weight of people or property, weight of rain or snow
Earthquake, windstorm, hail
What is the limit for money orders and counterfeit money?
$2,500
$1,000
$5,000
$10,000
What is the maximum coverage for pollutant cleanup per policy period?
$20,000
$15,000
$5,000
$10,000
How long is the preservation of property covered?
45 days
15 days
30 days
60 days
What is the fire department service charge covered up to?
$3,000
$2,000
$2,500
$1,500
What is the coverage for water or other liquid material damage excluding flood?
Partial coverage
No coverage
Not flood
Full coverage
What is the coverage limit for fire extinguisher recharge per occurrence?
$4,000
$5,000
$3,000
$2,000
What is the coverage limit for newly acquired buildings?
$150,000
$300,000
$250,000
$200,000
What is the maximum coverage for personal property of others on the premises?
$2,500
$1,500
$3,000
$4,000
What is the standard deductible amount?
$750
$250
$500
$1,000
What must be discovered for employee dishonesty coverage?
Only during the policy period
Only after expiration
No conditions apply
While policy in force or within one year after expiration
What is covered under personal and advertising injury in insurance policies?
Injury to employees
Injury occurring during the policy period and territory
Injury outside the United States
Injury caused by natural disasters
What is the limit for bail bond expenses covered by supplementary payments?
$250
$500
$1,000
$100
Which of the following is NOT an exclusion for bodily injury and property damage?
Expected or intended injury
Injury to employees during work
Damage to property owned by the insured
Pollutants cleanup costs
What is the duration for medical payments coverage after an accident?
One year
Two years
Indefinitely
Six months
Which of the following is an exclusion for personal and advertising injury?
Intentional personal and advertising injury
Accidental personal injury
Injury from advertising
Injury caused by negligence
What type of injury is excluded under liquor liability?
Injury from consuming alcohol
Injury from serving alcohol
Injury from manufacturing alcoholic beverages
Injury from selling alcohol
What expenses does the insurance cover for assisting in investigating a claim?
Only legal fees
Expenses only for court appearances
All expenses without limit
Reasonable expenses incurred at the insurance company's request
What is the coverage limit for lost earnings due to time off from work?
$150 per day
$250 per day
$100 per day
$300 per day
What does the failure of goods, products, or services to conform with advertised quality lead to?
Claims for advertising injury
Claims for personal injury
Claims for property damage
Claims for bodily injury
Who is included as a named insured in a partnership?
Only the managers
Spouses of the partners
Only the partners
Only the employees
What is the limit per occurrence for bodily injury and property damage?
Aggregate limit
Per occurrence limit
No-fault limit
Per person limit
What type of damage does the utility services-direct damage endorsement cover?
Damage caused by interruption of utility services
Personal injury claims
Bodily injury
Property damage from fire
What happens if protective safeguards are not working and the insurer is not notified?
Coverage is provided for damages only
Full coverage is provided
Partial coverage is provided
No coverage is provided
What does the aggregate limit cover in a policy period?
Products and completed operations aggregate
Bodily injury claims
Fire legal claims
Personal injury claims
Who can be considered an insured if the named insured is deceased?
The named insured's employees
The named insured's representative
The named insured's spouse
The business partners
What is the limit for no-fault medical payments?
Limit per person
Limit per organization
Limit per occurrence
Aggregate limit
What is liability for rented, leased, or borrowed autos?
No liability at all
Liability only for owned vehicles
Liability for personal injuries only
Liability for damages caused by these vehicles
When does liability apply for employee-owned vehicles?
When the vehicle is borrowed from a friend
When the vehicle is owned by the employee
When the vehicle is used for personal errands
When the business has no commercial auto insurance
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