AINS 103 EXPLORING COMMERCIAL INSURANCE
Worker's compensation benefits include which one of the following?
Rehabilitation benefits
Meat Products Company (MPC) runs packing plants in three Midwest states. The
company was in the news recently because of its labor practices. The Department of
Labor (DOL) investigated complaints from five female employees that MPC
discriminated against them. The DOL found the claim was true. The Immigration and
Naturalization Service (INS) found that the company employed illegal immigrants and
paid them less than the minimum wage. When this news became public, MPC's
reputation was severely harmed. This scenario illustrates which source of reputation
risk?
Regulatory and legal compliance
Which of the following supply chain exposures can a business mitigate by carefully
wording contracts and diversifying suppliers?
Loss of supply due to external events
Which one of the following perils would be covered under the commercial property
policy broad form but not covered under the basic form?
Damage due to weight of snow
Which of the following is a covered cause of loss under the Causes of Loss - Basic
Form?
Sprinkler leakage
Hager Incorporated insures its building and business personal property under the
Building and Personal Property Coverage Form (BPP). The company suffered a fire
loss that destroyed a significant portion of the building and damaged the fence
surrounding the building. Assuming that the building is insured for at least 80 percent of
its value, coverage extensions under the BPP would provide coverage for which one of
the following?
