Chrome File Edit View History Bookmarks Profiles Tab Window Help $ 1 7 Q g Sun May 1 9:50 PM Blackboard Learn Fundamentals of Risk and Insur > Upload Documents for Free Ac X Homework Help - Q&A from Or x + C https://platform. virdocs.com/r/s/0/doc/547391/sp/199630162/mi/615892748/?cfi=%2F4%2F4 breach of warranty personal and advertising injury bailee liability product liability liability Bailee's Customer Policy completed operations retroactive date commercial umbrella policy contingent liability Cyber liability insurance aggregate limit QUESTIONS FOR REVIEW ompensation and Employ- 1. Why does the Workers compella 7. Under what circumstances is a common carrier liable ers Liability Policy not contain a specific statement of the for damage to goods in its custody? benefits it provides? 8. Describe the coverages provide ovided by ISO's Informa- 2. What is the purpose of the Other States Coverage op- tion Security Protection Policy. tionally available under the Workers Compensation and 9. Distinguish between the coverage provided by the Employers Liability Policy? Why is it needed? Garage Coverage Form and that p that provided by Garage- 3. What basic forms of general liability insurance are keepers Coverage. included in the Commercial General Liability Policy? 10. Joe Smith has been in the plumbing business as a sole 4. What conditions led to the introduction of the claims- proprietor for the past 35 years and is planning to retire. made form to the general liability field? His insurance agent has told him he should continue to 5. Why is it advisable for an employer to purchase liabil carry Products and Completed Operations Liability cov- ity coverage for nonowned autos, even though the firm's erage. Do you agree with the agent's recommendation? employees may carry their own insurance? Why or why not? 6. What three basic types of liability insurance are pro- vided under the Garage Coverage Form? 215 6 MAY 1 4 "tv W Aa ghly Fun