Please remember that you must do your own work. Any plagiarism will result in a grade of zero for all students involved. Please use your own words even if you are using the textbook for answers. Always provide a citation when a reference is used.
- Answer the following:
- What is a package policy?
- Explain the advantages of a commercial package policy to a business firm as compared to the purchase of separate policies.
- Identify the causes of loss that are covered under the following forms:
- Causes-of-loss basic form:
- Causes-of-loss broad form:
- Causes-of-loss special form:
- Briefly describe the following commercial property insurance coverages:
- Builders risk insurance:
- Condominium insurance:
- Equipment breakdown insurance:
- Difference in conditions (DIC) insurance:
- Explain the following ocean marine insurance coverages:
- Hull insurance:
- Cargo insurance:
- Protection and indemnity (P&I) insurance:
- Freight insurance:
- Provide an example of a claim in each of the following:
- Products liability:
- Completed operations liability.
- Distinguish between the meaning of contractual liability and contingent liability.
- Explain the difference between an occurrence policy and a claims-made policy.
- A workers compensation policy contains several coverages. Briefly explain each of the following coverages:
- Part One: Workers Compensation Insurance:
- Part Two: Employers Liability Insurance: