1. Losses resulting from hazard risks can be predicted through forecastings such as a loss triangle, probability analysis or regression analysis. Which of the following data is most essential to either of these calculations?

Group of answer choices

A- Industry data on consumer buying habits and trends.

B- Historical data such as annual revenue and losses (or costs) by year.

C- An annual report with background on capital budget decisions that led to losses.

D- A detailed loss control survey showing vulnerable loss areas.

2. Tyson Enterprises, Inc. is a manufacturer of stainless steel cookware. Because Tyson purchases only basic insurance coverage in order to keep premiums at a minimum, Tyson has frequent small property losses that insurance does not cover. Which one of the following insurer-provided services would be most beneficial for Tyson to mitigate their losses?

Group of answer choices

A- Hire premium audit services.

B- Hire legal services.

C- Hire financial planners.

D- Use loss control services.

3. Most medium to large organizations have exposures that require insurance solutions, especially for its employees. Which of these insurance benefits is not designed to cover staff workers?

Group of answer choices

Medical Benefits

Short term disability

Personal Injury under the CGL

Worker's Compensation