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AINS 103 (Business Insurance) Exam Test Questions and Answers Rated A

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AINS 103 Test Questions & Correct Answers Loss Exposure - ANSWER Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Property Loss Exposure - ANSWER A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real Property (realty) - ANSWER Tangible prop...

AINS 103 Test Questions and Answers Rated A+ Workers compensation benefits include which one of the following? Rehabilitation benefits 3 multiple choice options When a clothing manufacturer decides to expand the sale of its clothing line by offering internet purchases, it creates new exposures not otherwise covered, or not fully covered, by a traditional policy. These include Loss or damage caused by computer viruses. 3 multiple choice options Which one of the following supply chai...

AINS 103 Test Questions & Answers Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one of...