Reference no: EM133292755
Assignment: C13 Liability
Top Peak owns a ski resort facility that provides a full range of services, including a restaurant and bar, ski instruction, ski equipment rentals, ski patrol, ski lodge, and a retail store selling new and used skis and clothing. The ski and snowboarding lessons offered are available for all ages and all levels from beginner to advanced.
The ski lodge operates as a hotel and is equipped with a recreation facility, pool, and beauty spa. In the evening, the restaurant and bar at Top Peak offers fine dining and becomes a night club. The parking lot's snow removal is contracted out to an independent snow-removal service. Top Peak leases an office in Edmonton for its business operations and ski promotions. Top Peak competes with another ski resort located nearby.
a. Identify FIVE (5) types of loss exposures faced by Top Peak.
b. For the FIVE (5) loss exposures identified in a), identify the corresponding insuring agreement in the CGL policy that covers each exposure.
c. Provide an example of restaurant/bar premises exposure at Top Peak and how coverage would be applied.