Suspecting a customer is shoplifting, a security guard at a toy store takes the customer to the office to await police. Sued for wrongful detention the
... [Show More] court awards the customer. The CGL coverage for the damages are - correct answer ✔✔Covered under personal injury liability.
False arrest, as well as malicious prosecution is also covered under personal injury
Would Bodily injury be covered under Architects and Engineers E&O? - correct answer ✔✔Architects and Engineers Errors and Omissions would cover the financial damages as well as any bodily injury caused by an error or omission in the construction or design of a building or part of building which collapses
An insured suffers a fire loss under an HO-3 policy compiling with the 80% value provision. Would wall to wall carpet be covered on a replacement cost basis? - correct answer ✔✔The carpeting is not covered on a replacement cost basis. This coverage can be obtained by attaching the "personal property replacement cost" endorsement
What commercial auto policy form would be used to cover a company that transports their own property and property of others? - correct answer ✔✔A motor carrier is anyone who transports property by auto in a commercial enterprise, regardless of whether he or she was hired for that purpose
A basic commercial general liability policy would exclude coverage for which of the following:
I. A newly acquired business.
II. Liability assumed in a contract other than an "insured contract".
III. Liability assumed in an elevator maintenance agreement. - correct answer ✔✔The basic CGL excludes the assumption of liability in contracts or agreements, except "insured" contracts. (Some construction contracts are considered insured.)
The Director must give not less than ___ days advance notice of a hearing and include the time, place and matter to be considered at the hearing - correct answer ✔✔Advance notice of 20 days must be g [Show Less]