Chapter 12 - The Businessowners Policy

14 Questions
Business Quizzes & Trivia

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Sample Question

In addition to maximum floor space, the BOP eligibility rules limit eligible risks to what maximum?

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Questions and Answers
  • 1. 
    In addition to maximum floor space, the BOP eligibility rules limit eligible risks to what maximum?
    • A. 

  • 2. 
    • A. 

      Three stories and 50,000 square feet

    • B. 

      Three stories and 75,000 square feet

    • C. 

      Six stories and 75,000 square feet

    • D. 

      Six stories and 100,000 square feet

  • 3. 
    3: Under the additional coverages of the Businessowners property coverage, property removed to protect it from loss will be covered at another location for up to how many days?A. 5 daysB. 10 daysC. 20 daysD. 30 days
    • A. 

      5 days

    • B. 

      10 days

    • C. 

      20 days

    • D. 

      30 days

  • 4. 
    • A. 

      $500

    • B. 

      $1,000

    • C. 

      $750

    • D. 

      $250

  • 5. 
    • A. 

      It is not available in a BOP.

    • B. 

      It is automatically provided in a BOP.

    • C. 

      It is an optional BOP coverage that is activated by an entry in the declarations.

    • D. 

      It is specifically designed to cover insured objects while they are being tested.

  • 6. 
    6: Which one of the following coverages is not included in the BOP?A. Bodily injury and property damage liabilityB. Personal and advertising injury liabilityC. Medical expenseD. Professional liability
    • A. 

      Bodily injury and property damage liability

    • B. 

      Personal and advertising injury liability

    • C. 

      Medical expense

    • D. 

      Professional liability

  • 7. 
    Which of the following would be covered under the building coverage of a BOP?
    • A. 

      Restroom fixtures

    • B. 

      Photocopy machines

    • C. 

      Furnishings in the insured's private office

    • D. 

      Carpets and floor tiles

  • 8. 
    • A. 

      Desks, filing cabinets, and other office equipment the insured uses in her business

    • B. 

      An enclosure around the front entry to a store that the insured tenant had built when he began leasing the building

    • C. 

      Cans of paint that are stacked near a newly constructed outer wall prior to painting the wall

    • D. 

      Fire extinguishers located at various places on the inside walls of the building

  • 9. 
    Which of the following is not excluded under Businessowners Liability coverage?
    • A. 

      Damages the insured causes intentionally

    • B. 

      Liquor liability for those in the business of serving liquor

    • C. 

      Liability assumed under an insured contract

    • D. 

      Damage to the insured's own work

  • 10. 
    • A. 

      30 days

    • B. 

      45 days

    • C. 

      60 days

    • D. 

      90 days

  • 11. 
     For how long after the date of a direct physical loss will the insurance company pay for extra expenses under the extra expense additional coverage?
    • A. 

      30 days

    • B. 

      90 days

    • C. 

      . 180 days

    • D. 

      12 months

  • 12. 
    Unless a higher limit is shown in the declarations, what is the limit on coverage for business income from dependent properties?
    • A. 

      $5,000

    • B. 

      $10,000

    • C. 

      $50,000

    • D. 

      $100,000

  • 13. 
     What is the discovery period for coverage of losses under the employee dishonesty optional coverage?
    • A. 

      One year from the date of the dishonest act

    • B. 

      One year from the end of the policy period

    • C. 

      Three years from the date of the dishonest act

    • D. 

      Three years from the end of the policy period

  • 14. 
    • A. 

      Slander and libel

    • B. 

      Malicious prosecution

    • C. 

      Copyright infringement

    • D. 

      All of the above