Woolpert Risk Awareness Program - Module 5
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This quiz covers the material from Module 5. You MUST submit your name (First Name Last Name) so as to receive credit for your score.
- 1.True or false? Breach of warranty is covered under Woolpert’s professional liability policy.
- A.
True
- B.
False
- 2.True or false? Deductible and premiums have a direct relationship to one another.
- A.
True
- B.
False
- 3.Woolpert’s commercial general liability policy has the following limit(s) of liability:
- A.
$1,000,000 per occurrence
- B.
$2,000,000 annual aggregate
- C.
A and B
- D.
None of the above
- 4.Professional liability is available on what basis:
- A.
Per claim
- B.
Per occurrence
- C.
Bodily injury/property damage
- D.
Joint and several
- 5.True or false? Every year Woolpert experiences more claims than the previous year.
- A.
True
- B.
False
- 6.Woolpert can agree to name our clients as an additional insured on the following policy:
- A.
Professional liability
- B.
Automobile liability
- C.
Workers' compensation
- D.
Commercial general liability
- 7.A bid bond is intended to cover:
- A.
The faulty performance of the contractor on the project
- B.
Payment by the contractor to its subcontractors and vendors for the project
- C.
The client’s costs to re-bid or choose the next higher contractor if the original contractor refuses to sign a contract
- D.
None of the above
- 8.True or false? Woolpert’s automobile insurance covers employees driving from their home to their office.
- A.
True
- B.
False
- 9.If an employee from Woolpert accidently cuts down a tree while performing a site observation or survey, what policy would provide coverage (assuming the damage is in excess of Woolpert’s deductible):
- A.
Professional liability
- B.
Employer’s liability
- C.
Workers' compensation
- D.
Commercial general liability
- 10.Woolpert’s professional liability policy is what type of policy:
- A.
Project
- B.
Joint and several
- C.
Practice
- D.
Combined single limit
- 11.An OCP policy stands for:
- A.
Owner’s and Contractor’s Policy
- B.
Overhead Coverage Policy
- C.
Owner’s and Contractor’s Protective
- D.
OHSA Contractor’s Policy
- 12.Woolpert’s professional liability insurance has an initial deductible of:
- A.
$50,000
- B.
$500,000
- C.
$250,000
- D.
$25,000
- 13.True or false? Bonds are a form of insurance.
- A.
True
- B.
False
- 14.What are the three types of bonds that Woolpert has generally obtained:
- A.
Bid, performance, and payment
- B.
Labor, materials, and equipment
- C.
Performance, materials, and payment
- D.
General, professional, and automobile
- 15.True or false? Woolpert’s claim history is not consistent with Woolpert’s growth.
- A.
True
- B.
False
- 16.Which service line has not been involved with litigation during the period of 1990 thru 2008:
- A.
SD
- B.
EIM
- C.
WM
- D.
FD
- 17.The majority of Woolpert’s professional liability claims are made by:
- A.
Clients
- B.
Third parties
- C.
Subconsultants
- D.
International collection agencies
- 18.The costs of defending claims includes:
- A.
Settlement costs
- B.
Staff downtime
- C.
Attorney’s fees
- D.
All of the above
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