Woolpert Risk Awareness Program - Module 5

18 Questions | Total Attempts: 75

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Module Quizzes & Trivia

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.


Questions and Answers
  • 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