List three covered property categories in the bpp

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Assignment: Introduction to Risk Management and Insurance- Commercial Property and Liability Insurance Industry

I. Define the following terms in the context of risk management and insurance (Ch 25)

Question 1. Commercial Package Policy (CPP)

Question 2. Building and Personal Property Coverage Form (BPP)

II. Questions to briefly answer (Ch 25)

Question 1. List three covered property categories in the BPP.

Question 2. List six additional coverages provided in the BPP.

Question 3. List three different causes of loss forms in the BPP.

Question 4. List covered causes of loss by the Causes of Loss Basic Form.

Question 5. List causes of loss covered by the Causes of Loss Broad Form, but not by the Causes of Loss Basic Form.

Question 6. Briefly explain the main difference between BOP and other property insurance policies covered in Chapter 25.

Question 7. Briefly explain each of the following property insurance programs.

a. Business income insurance
b. Builders risk insurance
c. Equipment breakdown insurance
d. Difference in condition insurance
e. Cyber property insurance
f. Hull insurance
g. Cargo insurance
h. Inland marine insurance
i. Business floaters
j. Businessowners Policy (BOP)

III. Define the following terms in the context of risk management and insurance (Ch 26)

Question 1. Briefly explain the following major liability loss exposures of business organizations

a. Premises liability loss exposures
b. Operations liability loss exposures
c. Products liability loss exposures
d. Completed operations liability loss exposures
e. Contractual liability loss exposures
f. Contingent liability loss exposures

Question 2. Describe the basic coverages provided by a commercial general liability (CGL) policy

Question 3. Briefly explain the following limits available in a liability insurance policy

a. General aggregate limit
b. Products-completed operations aggregate limit
c. Each occurrence limit
d. Damage to premises rented to you limit
e. Medical expense limit

Question 4. Explain the main difference between a "Claims-made" and an "Occurrence" liability policy. This is one of the essential concepts of any liability insurance policy.

Question 5. Briefly explain each of the following liability insurance programs.

a. Employment practice liability insurance
b. Workers compensation and employers liability insurance
c. Cyber liability insurance
d. D&O liability insurance.

Reference no: EM133500334

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