Test Your Business Insurance Knowledge In This Quiz!
- 1.What is a Rider?
- A.
A biker
- B.
A cowboy
- C.
An addtional clause to an amendment or a legal document
- D.
A type of book
- E.
A really cool amp
- 2.This insurance protects against financial loss from a defect product that causes bodily harm or death
- A.
Rider
- B.
Product Liability
- C.
General Liability
- D.
Commercial Property
- E.
Home- Based Business
- 3.How much product liability should you purchase?
- A.
Should be based on the amount you produce in your company
- B.
Should be based on the amount of people in your company
- C.
Should be based on the amount of machines in your company
- D.
Should be based on your income
- E.
Should be base on how much money you oay your employees
- 4.What is another word for "Professional Liability Insurance"?
- A.
Hit and run insurance
- B.
Home-Based Business Insurance
- C.
Fun Insurance
- D.
Commercial Property Insurance
- E.
Errors and omissions insurance
- 5.Which best defines Commercial Property?
- A.
Covers everything related to cars
- B.
Covers everything related to people
- C.
Covers everything related to the loss and damage of company property
- D.
Covers everything related to loss of employment in the company
- E.
None of the above
- 6.How many forms does property insurance policies come in?
- A.
10
- B.
8
- C.
6
- D.
4
- E.
2
- 7.What does Home-Based Insurance cover?
- A.
Cover property damage
- B.
Cover homes
- C.
Covers property damage and homes
- D.
Covers the people that live in a home
- E.
None of the above
- 8.What does General Liability Cover?
- A.
Covers legal issues such as accident, injuries claims of negligence
- B.
Covers to protect things like bodily harm, property damage, medical expenses, libel, cost of defending lawsuits, and settlements
- C.
Covers things that are general
- D.
None of the above
- E.
Both A&B
- 9.Business Insurance covers how much of an employee's salary?
- A.
20%
- B.
30%
- C.
60%
- D.
50%
- E.
45%
- 10.What school are we at?
- A.
GHS
- B.
EHHS
- C.
JHS
- D.
SHMS
- E.
None of the above
- 11.How can business insurance be cancelled?
- A.
Say you don't want it anymore
- B.
It depends on your policy coverage, claim history, loss type, and the length of time you have been insured
- C.
It depends on the amount of money you have
- D.
It can't be cancelled
- E.
None of the above
- 12.What is Business Umbrella Liability Insurance?
- A.
Provides life insurance
- B.
Provides you with house and car insurance
- C.
Provides House Insurance
- D.
Provides car safety
- E.
Provides extra layer security and supplementary coverage costs
Questions: 25 | Attempts: 22332 | Last updated: Mar 22, 2022
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